IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
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The Barry Family Limited
Partnership of California,
Plaintiff,
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V. CLASS ACTION COMPLAINT: :-;
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GENERAL HOUSEWARES CORP., PAUL b 1 '_ * *
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A. SAXTON, CHARLES E. BRADLEY, Al -
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JOHN S. CROWLEY, THOMAS L.
FRANCIS, JOSEPH HINSEY IV,
RICHARD E. LUNDIN, ANN MANIX and
PHILLIP A. RANNEY,
Defendants. II
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Plaintiff, by its attorneys, alleges upon information and
belief, except as to paragraph 1 which Plaintiff alleges upon
knowledge, as follows:
PARTIES
1. Plaintiff The Barry Family Limited Partnership of
California is a stockholder of defendant General Housewares
Corp. (llGeneralll or "the CompanyI'), and has been at all times
relevant hereto.
2. General is a corporation duly organized and
existing under the laws of the State of Delaware, with its
principal executive offices located at 1536 Beech Street, Terre
Haute, Indiana. General manufactures and markets cookware such
as top-of-stove, oven and specialty cookware, kitchen cutlery,
SNIPPETS:
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
Plaintiff, by its attorneys, alleges upon information and
except as to paragraph 1 which Plaintiff alleges upon
Corp. (llGeneralll or "the CompanyI'), and has been at all times relevant hereto.
principal executive offices located at 1536 Beech Street,
as top-of-stove, oven and specialty cookware, kitchen cutlery,
shares of General common stock issued and outstanding.
record holders hold as nominees for a much larger group of
Thomas L. Francis, Joseph Hinsey IV, Richard E. Lundin, Ann
Manix and Phillip A. Ranney are directors of General.
responsibility to Plaintiff and the other public stockholders of
from the Class are defendants herein and any person, firm,
There are questions of law and fact which are
Plaintiff and the other members of the Class would be irreparably
damaged if the defendants are not enjoined from committing the
The defendants have acted or refused to act on
action and has retained competent counsel experienced in litigation
Plaintiff is an adequate representative of the Class and will
CLAIM FOR RELIEF
Bricker said General received the buyout
Defendants have breached and are breaching their
1999 acquisition proposal in a timely and diligent manner.
Preliminarily and permanently enjoining the
Awarding the Class compensatory damages against
Court may seem just and proper.
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