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



Keywords & Phrases
CaseNo: C.A. No. 17,542, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, Plaintiff: SWITZENBAUM, State: DE Delaware, UniqueCaseRef: DE>CC>00017542, Warner-lambert, Merger, Stock, Pfizer, Stockholders, Agreement, Ahp, Individual Defendants, Common, Directors, Adequate, Shareholder, Vink, Shares, George, William, Complaint, Officer, Reason, Market, Proper, Breach, Fiduciary Duties, Damages, Failing, Fair Dealing , ContentID: 120240655

Case Documents
1 1999-11 CLASS ACTION COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 101646
12 pages
PDF
Total Documents: 1 document , 12 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
VINK
SHARES
GEORGE
WILLIAM
COMPLAINT
OFFICER
REASON
MEMBERS
MARKET
BUSINESS
PROPER
BREACH
FIDUCIARY DUTIES
DAMAGES
FAILING
FAIR DEALING
        IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

                      IN AND FOR NEW CASTLE COUNTY



ROBIN SWITZENBAUM,                     :

                       Plaintiff,                             I  7  q-c/-x
     -against-                         :          C.A. No.

LODEWIJK J. R. DE VINK, GEORGE A. :
LORCH, ROBERT N. BURT, ALEX J.
MANDL, MICHAEL I. SOVERN,
WILLIAM  K. 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 her 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

discovers, develops, manufactures, and markets pharmaceutical,

consumer health care, and confectionery products.       The Company's

SNIPPETS:
  • CLASS ACTION COMPLAINT
  • Plaintiff, by her 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;
  • Defendant George A. Loch is a Director of
  • 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;
  • Class all damages caused to the Class and account for all profits
  •    |