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ROSE v DE VINK Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 17,545, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, Plaintiff: ROSE, State: DE Delaware, UniqueCaseRef: DE>CC>00017545, Warner-lambert, Merger, Stock, Pfizer, Stockholders, Agreement, Ahp, Individual Defendants, Common, Directors, Adequate, Shareholder, Shares, William, Complaint, Vink, Officer, Reason, Market, Proper, Breach, Fiduciary Duties, Damages, Failing, Chief Executive Officer, Fair Dealing , ContentID: 120240652

Case Documents
1 1999-11 CLASS ACTION COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 101643
11 pages
PDF
Total Documents: 1 document , 11 pages
Price: $ 19.95


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1 . CLASS ACTION COMPLAINT

EXTRACTED KEY WORDS
DEFENDANTS
PLAINTIFF
MERGER
STOCK
PFIZER
STOCKHOLDERS
AGREEMENT
AHP
INDIVIDUAL DEFENDANTS
COMMON
DIRECTORS
ADEQUATE
SHAREHOLDER
SHARES
WILLIAM
COMPLAINT
VINK
OFFICER
REASON
MEMBERS
MARKET
BUSINESS
PROPER
BREACH
FIDUCIARY DUTIES
DAMAGES
FAILING
CHIEF EXECUTIVE OFFICER
FAIR DEALING
                                                       ,



        IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
                                                                             I
                     IN AND FOR NEW CASTLE COUNTY



HOWARD ROSE,

                       Plaintiff,

     -against-                         :          C.A. No.
LODEWIJK J. R. DE VINK, GEORGE A. :               /7 (v~"
LORCH, ROBERT N. BURT, ALEX J.
MANDL, MICHAEL I. SOVERN,
WILLIAM H. GRAY, III, LASALLE
D. LEFFALL, JR., DONALD C. CLARK, :
JOHN A. GEORGES, WILLIAM R.
HOWELL, and WARNER-LAMBERT COMPANY,:

                      Defendants.


                        CLASS ACTION COMPLAINT

          Plaintiff, by his attorneys, alleges upon information

and belief, except as to paragraph 1 which is alleged upon

knowledge, as follows:


                               THE PARTIES

          1.      Plaintiff is the owner of shares of common stock

of Warner-Lambert Company ("Warner-Lambert" or the "Company") and

has been the owner continuously of such shares since prior to the

wrongs complained of herein.

          2.      Warner-Lambert is a corporation duly organized and

existing under the laws of the state of Delaware.           Warner-Lambert

SNIPPETS:
  • CLASS ACTION COMPLAINT
  • Plaintiff, by his attorneys, alleges upon information
  • Plaintiff is the owner of shares of common stock
  • of Warner-Lambert Company and
  • The following defendants are and at all times
  • Defendant Lodewijk J.R. de Vink
  • is the President and Chief Executive Officer of Warner-Lambert
  • and Chairman of its Board of Directors;
  • collectively referred to herein as the "Individual Defendants."
  • faith, fair dealing, loyalty and full and candid disclosure.
  • stockholders or their successors in interest,
  • members is impracticable.
  • merger agreement for the merger of the two
  • Under the terms of the Merger, AHP has agreed to
  • Pfizer Inc. made an $82.4 billion offer for Warner-Lambert.
  • direct contact with defendant de Vink its interest in a business
  • maximize shareholder value by entering into the Merger agreement,
  • It is a breach of their fiduciary duties to
  • by failing or refusing to fully inform themselves of the terms
  • through open bidding or at least a "market check" mechanism.
  • off Pfizer without giving adequate consideration to its urgings
  • By reason of the foregoing, the Individual Defendants have violated, and will continue to
  • declaring this to be a proper class action;
  • directing that defendants pay to plaintiff and the Class all damages caused to the Class and
  •    |