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BARRON v MOTRO Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 17,307, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, Plaintiff: BARRON, State: DE Delaware, UniqueCaseRef: DE>CC>00017307, Infoseek, Disney, Merger, Stockholders, Fiduciary Duties, Common, Shareholders, Shares, Infoseek Common Stock, Breach, Directors, Dominant, Affiliates, Warrant, Exercises, Unfair, Damages, Reason, Expense, Loyalty, Enrich, Pursuant, Injury , ContentID: 120240783

Case Documents
1 1999-07 CLASS ACTION COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 101847
8 pages
PDF
Total Documents: 1 document , 8 pages
Price: $ 19.95


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1 . CLASS ACTION COMPLAINT

EXTRACTED KEY WORDS
DISNEY
DEFENDANTS
PLAINTIFFS
MERGER
STOCKHOLDERS
LAW
BUSINESS
FIDUCIARY DUTIES
COMMON
MEMBERS
SHAREHOLDERS
SHARES
INFOSEEK COMMON STOCK
BREACH
DIRECTORS
DOMINANT
COUNSEL
AFFILIATES
WARRANT
EXERCISES
UNFAIR
DAMAGES
REASON
EXPENSE
LOYALTY
ENRICH
PURSUANT
COURT
INJURY
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                    I)                               IN THE COURT OF CHANCERY OF THE STATE OF
   'I ,.?                                                      IN AND FOR NEW CASTLE COUNTY
                                  _----------------~~----------------~~~~~~ X
                                  CARL S. BARRON and NINA BARRON, JTWROS, :..
                                                                         Plaintiffs,    :..
                                                            -against-                   :: CIVIL
                                  HARRY M. MOTRO, STEVEN M. BORNSTEIN,                  :
                                  E


SNIPPETS:
 
  • plaintiffs seek to recover damages
  • caused by the breach of fiduciary duties owed by defendants to
  • Infoseek's public shareholders.
  • owners of shares of Infoseek common stock.
  • place of business at 500 South Buena Vista Street, Burbank,
  • Disney is a diversified worldwide entertainment
  • Infoseek is a corporation duly organized and existing
  • and John E. Zeisler are directors of Infoseek.
  • By reason of its dominant position as the largest
  • and owes Infoseek's pubic stockholders fiduciary duties of fairness
  • By reason of their positions as directors of Infoseek,
  • the Individual Defendants owed and owe Infoseek stockholders fiduciary duties of fairness and
  • Plaintiffs bring this action on their own behalf and as
  • threatened with injury arising fromdefendants' actions as described
  • There are questions of law and fact common to the class including, inter alia, whether
  • claims of the other members of the class and plaintiffs have the
  • Disney and its affiliates hold approximately 42% of
  • exercises the warrant, Disney and its affiliates will hold on an
  • effect the Merger whereby it would increase its ownership of Infoseek from 42% to 72% and
  • The Merger is unfair, inadequate, and will likely provide
  • Individual Defendants have agreed to the Merger pursuant to which
  • over Infoseek to enrich itself at the expense of Infoseek's other
  • Unless enjoined by this Court,
  • to breach their fiduciary duties owed to plaintiffs and the Class
  • defendants and their counsel, agents, employees, and all persons
  •    |