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BARATTA v WARNER-LAMBERT Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 17,536, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, Plaintiff: BARATTA, State: DE Delaware, UniqueCaseRef: DE>CC>00017536, Warner-lambert, Shareholders, Common, American Home, Pfizer, Stock, Shares, Control, Rhe, Transaction, Consumer, Defendant Vinik, Relief, Directors, Breach, Announcemem, Merger, Proposed Transaction, Awarding, Consumer Health Care, Relevant Times, Virtue, Thr, Dealing, Declaring , ContentID: 120240661

Case Documents
1 1999-11-04 CLASS ACTION COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 101654
8 pages
PDF
Total Documents: 1 document , 8 pages
Price: $ 19.95


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1 . CLASS ACTION COMPLAINT

EXTRACTED KEY WORDS
DEFENDANTS
PLAINTIFF
SHAREHOLDERS
MEMBERS
COMMON
AMERICAN HOME
PFIZER
STOCK
SHARES
CONTROL
RHE
TRANSACTION
CONSUMER
DEFENDANT VINIK
RELIEF
COUNSEL
DIRECTORS
COURT
BREACH
ANNOUNCEMEM
MERGER
PROPOSED TRANSACTION
AWARDING
CONSUMER HEALTH CARE
RELEVANT TIMES
VIRTUE
THR
DEALING
DECLARING
1                                 b,`i"j  .'
     x                  ,.
                       . . . L
          `.     ~                         IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
                                                           IN AND FOR NEW  CASTLE COUNTY



                 BARBARA BARATTA, On BehaIf of                             )
                 Himself  And All Others Similarly Situated, )

                                                      Plainriff,           1
                                    v'.                                           CIVIL ACTION NO.
                                                                           1

                 WARNER-LAMBERT  COMPANY,                                  I
                 ROBERT N .  BURT, DONALD C.                               )
                 CLARK, LODEWIJK J.R. de VINK,                             >
                 JOHN A. QEORGES, WILLIAM H.                               )
                 GRAY M .  WILLIAM R. HOWELL,                               )
                 LaSALLE D. LEFFALL, JR., GEORGE                            )
                 A. LORCH, ALEX J. MANDL, and                              J
                 MICHAEL  1. SOVERN                                         )                      
                                                                            >
                                                      Defendants.           )\


                                     Pl&nriff, by her attorneys, for her Complaint alleges, upon 

                 as to allegarions  pertaining to the named plaintiff and her counsel, which are

                 personal knowledge, as follows;



                                      1. Plaintiff Barbara Baratta owned, at all times relevanr 

                      Warner-Lzimberr  Company ("Warner-Lamberr"  or the 3Zompany")  common stock-

                                     2,         Defendam Warner-Lambert is a Delaware corporation

                      offices Located  at 201 Tabor  Road, Morris Plains, New .lerszy 07950.

                      global company devoted to discovering, developing, manufacturing and



phamaccu&al,  consumer health care, and confectioaary producrs.  As of July 31, 1999, Warner-

SNIPPETS:
  • as to allegarions pertaining to the named plaintiff and her counsel,
  • Warner-Lzimberr Company common stockoffices Located at 201 Tabor Road, Morris Plains, New
  • phamaccu&al, consumer health care, and confectioaary producrs.
  • As of July 31, 1999, Warner-Lamben had approximately 854 million shares of common slack
  • Chairman of the Board of Directors and Chief Executive Offker of the Company.
  • Defendant Vinik as well as the other individual defendants named in the caption
  • above (the Yndividual Defendants") have constituted the Board of Directors of Warner-Lambert
  • at all relevant times hereto.
  • By virtue of their positions as controliling shareholders and directors of Warnerlxnbert and
  • Individual Defendant owes Warner&m&en and its public stockholders rhe highest fiduciary
  • Chancery, for declaratory, injunctive and other relief on his own behalf and as a I&S a&on, on
  • who are being deprived of their equity inTerest in Wamer-Lamberr and the opportunity to
  • numerous that joinder of all class members is impracticable.
  • dealing to the detriment of the holders of Warner-Lambert common stock;
  • rrrained csmperenr counsel experienced in litigation of this nature.
  • Thr Company's products in&de mouthwash,
  • Covorarmn ("American Home") announced an agreemenr for rhe merger of the two companies,
  • offer to acquire all of the outstanding shares of Warner-Lambert in a merger transaction at a
  • In addition, Pfizer released a copy of a letter that it had sent on November 4, 1999
  • 15, On November 4, 1999, tier Pfizer's announcemem, Defendant Vinik, when
  • Unless enjoined by this Court, defendants will breach and continue to breach
  • Declaring that the defendants and each of them have breached their
  • with, consummating or closing the proposed transaction, which will irreparably harm plaintiff
  • F. Awarding compensatory damages in an amount to be determined upon the
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