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BRICKELL PARTNERS v THERMO ELECTRON Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 17,601, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, State: DE Delaware, UniqueCaseRef: DE>CC>00017601, Plaintiff: BRICKELL PARTNERS, Thermoretec, Therm0 Electron, Therm0, Proposed Merger, Allegations, Therm0 Terratech, Admit, Complaint, Paragraph, Publicly-held, Holubow, Individual Defendants, Deny, Stockholders, Truth, Merger, Stock, Shares, Shareholders, Common Stock, Directors, Price, Dunlap, Response, Common, Breach, Committee, Fiduciary Duties, Agreement, Outstanding, Prior, Respectfully Refer, Randers Killam, Awarding, Delaware Corporation, Theo Melas-kriazi, Morris, Rainville, Approving, Monhait, Delaware, Robert , ContentID: 120240607

Case Documents
1 2000-07-07 ANSWER
[ see first page and extracted highlights below  ] ItemID: 101588
8 pages
PDF
2 1999-11-22 CLASS ACTION COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 101589
9 pages
PDF
Total Documents: 2 documents , 17 pages
Price: $ 24.95


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1 . ANSWER

EXTRACTED KEY WORDS
THERM0 ELECTRON
ADMIT
DEFENDANTS
COMPLAINT
PARAGRAPH
THERMORETEC
DENY
TRUTH
MERGER
THERM0 TERRATECH
COMMON STOCK
RESPONSE
OUTSTANDING
COURT
PLAINTIFFS
PRIOR
RESPECTFULLY REFER
RANDERS KILLAM
ATTORNEYS
MONHAIT
DELAWARE
ROBERT
DUNLAP
HEREBY
AVERMENTS
EXECUTIVE OFFICES
CASH
RANDERS KILLAM GROUP
MERGER AGREEMENT
          IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

                       IN AND FOR NEW CASTLE COUNTY                  s-

IN RE THERMORETEC CORPORATION            Consolidated
SHAREHOLDERS LITIGATION                  C.A. No. 17601-NC



                                    ANSWER


            Defendants    Therm0      Electron    Corporation,     ThermoRetec

Corporation, Robert W. Dunlap, Elias P. Gyftopoulos, Brian D.

Halt,    Fred Holubow,    Theo  Melas-Kyriazi,         Frank E.     Morris and

William A. Rainville (collectively "Defendants") hereby respond

to the allegations of plaintiffs' Complaint.

            1.     Defendants are without knowledge or information

sufficient to form a belief as to the truth of the allegations

in the first sentence, except admit that plaintiffs brought an

action relating to a merger involving ThermoRetec Corporation

and  Therm0 Electron Corporation (the "Merger").            Defendants deny

-the allegations of the second, third and fifth sentences, except

admit that prior to the Merger Therm0 TerraTech Inc.                       owned

approximately 70% of           the      outstanding      common      stock of

ThermoRetec, and  Therm0 Electron owned approximately 2% of the

outstanding common stock of ThermoRetec.                The fourth sentence

contains a        conclusion of     law as to which no             response is



.required; to the extent the averments of the fourth sentence

require a response, they are denied.
SNIPPETS:
  • IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
  • Defendants Therm0 Electron Corporation, ThermoRetec
  • Corporation, Robert W. Dunlap, Elias P. Gyftopoulos, Brian D.
  • to the allegations of plaintiffs' Complaint.
  • sufficient to form a belief as to the truth of the allegations
  • in paragraph 2 of the Complaint.
  • Defendants admit that ThermoRetec is a Delaware
  • corporation with its principal executive offices in Concord,
  • sentence and deny the allegations of the second sentence,
  • No response is required.
  • shareholders for $7.00 per share in cash,
  • admit that on October 20, 1999, The Randers Killam Group Inc.
  • and admit that an October 20, 1999, Therm0 TerraTech
  • merger agreement under which its paren-t company,
  • would acquire all of Therm0 TerraTech's outstanding
  • Therm0 TerraTech together owned 96% of The Randers Killam Group
  • and respectfully refer to the earnings announcement
  • averments require a response, they are denied.
  • Attorneys for Defendants
  • I hereby certify that on this 7t" day of July, 2000,
  • Rosenthal, Monhait, Gross & Goddess, P.A.

  • 2 . CLASS ACTION COMPLAINT

    EXTRACTED KEY WORDS
    DEFENDANTS
    THERM0
    PLAINTIFF
    PROPOSED MERGER
    THERM0 ELECTRON
    PUBLICLY-HELD
    THERM0 TERRATECH
    HOLUBOW
    INDIVIDUAL DEFENDANTS
    STOCKHOLDERS
    STOCK
    SHARES
    SHAREHOLDERS
    MEMBERS
    DIRECTORS
    PRICE
    COURT
    COMMON
    BREACH
    COMMITTEE
    FIDUCIARY DUTIES
    AGREEMENT
    AWARDING
    DELAWARE CORPORATION
    DUNLAP
    THEO MELAS-KRIAZI
    MORRIS
    RAINVILLE
    APPROVING
    
            IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
                          IN AND FOR NEW CASTLE COUNTY
    __--__--_------------------------- -X
    BRICKELL PARTNERS,
    
                       Plaintiff,
    
                     -against-                   Civil Action No. ,/7&o/  h!C,
    
    THERMO ELECTRON CORPORATION,
    THERMORETEC CORPORATION,
    ROBERT W. DUNLAP, ELIAS P.
    GRYFTOPOULOS, BRIAN D. HOLT,
    FRED HOLUBOW, THEO MELAS-KRIAZI,
    FRANK E. MORRIS, and WILLIAM A.
    RAINVILLE,
    
                            Defendants.
    ----------------------------------- i:
    
                             CLASS ACTION COMPLAINT
    
                  Plaintiff, by and through its undersigned attorneys,
    allege upon information and belief, except for paragraph 2, which
    
    is alleged on knowledge, as follows:
    
                                  NATURE OF THE ACTION
    
         1. Plaintiff brings this action on behalf of himself and the
    
    other public stockholders of ThermoRetec Corporation ("ThermoRetec"
    
    or the "Company") similarly situated with respect to a merger (the
    
    "Proposed Merger") hereinafter described, of ThermoRetec and Therm0
    
    Electron Corporation ("Therm0  Electron"). Therm0 Electron directly
    
    and through its 87% owned subsidiary Therm0 TerraTech, Inc.
    ("Therm0  TerraTech")  owns more than 72% of the common stock of
    
    ThermoRetec. If the Proposed Merger is consummated, the public
    
    stockholders of ThermoRetec will be forced to sell their interests
    
    in ThermoRetec for an inadequate price due to defendants' failure
    
    to deal fairly with the interests of                  ThermoRetec's public
    
    SNIPPETS:
  • IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
  • THERMO ELECTRON CORPORATION, THERMORETEC CORPORATION, ROBERT W. DUNLAP, ELIAS P.
  • FRANK E. MORRIS, and WILLIAM A. RAINVILLE,
  • Plaintiff, by and through its undersigned attorneys, allege upon information and belief,
  • other public stockholders of ThermoRetec Corporation ("ThermoRetec"
  • "Proposed Merger") hereinafter described, of ThermoRetec and Therm0
  • Therm0 Electron directly
  • and through its 87% owned subsidiary Therm0 TerraTech, Inc. owns more than 72% of the common
  • in ThermoRetec for an inadequate price due to defendants' failure
  • approved by the individual defendants named herein,
  • common stock of ThermoRetec.
  • Defendant Therm0 Electron is a Delaware corporation with
  • Defendant Robert W. Dunlap is,
  • Defendant Fred Holubow has been a director of ThermoRetec
  • committee with respect to the Proposed Merger.
  • Holubow beneficially owned or controlled 59,892 shares of
  • By virtue of their positions as officers and/or directors
  • Merger Agreement, announced on October 20, 1999.
  • approving the Proposed Merger.
  • acquisitions of all the publicly-held shares of Therm0 TerraTech
  • ThermoRetec's business performance and stock price have
  • breach their fiduciary duties to plaintiff and ThermoRetec's public
  • shareholders by not renegotiating and/or reformulating the terms of
  • The Class is so numerous that joinder of all members is
  • E. Awarding to plaintiff the costs and disbursements of this
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