LegalCaseDocs.com
shopping cart  
  |     
Search
 

 
New Visitors


 VeriSign Secure Site

 Get Adobe Reader

STEVEN J. WEISS PROFIT SHARING PLAN v BARRACK Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 16,162, County: New Castle County, CourtCode: CC, CourtName: Chancery Court of Delaware, Plaintiff: STEVEN J. WEISS PROFIT SHARING PLAN, State: DE Delaware, UniqueCaseRef: DE>CC>00016162, Northwest, Individual Defendants, Shareholders, Public Shareholders, Transaction, Common Stock, Delta, Airlines, Complaint, Air, Shares, Merger, Price, Control, Continental Board, Breaches, Fiduciary Duties, Relief, Damages, Management, Delaware, Pursuant, Principle, Voting, Directors , ContentID: 120240976

Case Documents
1   CLASS ACTION COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 102177
10 pages
PDF
Total Documents: 1 document , 10 pages
Price: $ 19.95


IVESLCD01 KGI0001
 
 

 Forgot your password?


1 . CLASS ACTION COMPLAINT

EXTRACTED KEY WORDS
NORTHWEST
PLAINTIFF
INDIVIDUAL DEFENDANTS
SHAREHOLDERS
PUBLIC SHAREHOLDERS
MEMBERS
TRANSACTION
COMMON STOCK
DELTA
AIRLINES
COMPLAINT
LAW
AIR
SHARES
MERGER
COURT
PRICE
CONTROL
CONTINENTAL BOARD
BREACHES
FIDUCIARY DUTIES
RELIEF
DAMAGES
MANAGEMENT
DELAWARE
PURSUANT
PRINCIPLE
VOTING
DIRECTORS
                                                                     i
         IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

                    IN AND FOR NEW CASTLE COUNTY


                                          :
STEVEN J. WEISS PROFIT SHARING PLAN,      :

                           Plaintiff,
                                          :
           - against  -                   ::    Civil Action No.
THOMAS J. BARRACK, JR., LLOYD M.          :
BENTSEN, JR., GORDON M. BETHUNE, DAVID :
BONDERMAN, GREGORY D. BRENNEMAN,          :
PATRICK FOLEY, DOUGLAS MCCORKINDALE,      :
GEORGE G.C. PARKER, RICHARD W. POGUE,     :
IWILLIAM S. PRICE, III, DONALD L. STURM, :
KAREN HASTIE WILLIAMS, CHARLES A.         :
YAMARONE, CONTINENTAL AIRLINES, INC.      :
and NORTHWEST AIRLINES, INC.              ::
                      Defendants.         ::

           Plaintiff, by its attorneys, Rosenthal, Monhait, Gross

& Goddess, P.A., for its complaint against defendants, alleges

upon information and belief, except for paragraph 2 hereof, which

is alleged upon knowledge as follows:

           1.    Plaintiff brings this action pursuant to Rule 23

of the Rules of the Court of Chancery on its own behalf and as a

class action on behalf of all persons, other than defendants and

those in privity with them, who own the Class A and Class B

common stock (the "common stock") of Continental Airlines, Inc.,

("Continental" or the "Company").

           2.    Plaintiff has been the owner of the common stock

of the Company since prior to the wrongs herein complained of and

continuously to date.
    4
SNIPPETS:
  • IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
  • PATRICK FOLEY, DOUGLAS MCCORKINDALE,: GEORGE G.C. PARKER, RICHARD W. POGUE,: IWILLIAM S.
  • YAMARONE, CONTINENTAL AIRLINES, INC.:
  • Plaintiff, by its attorneys, Rosenthal, Monhait, Gross
  • & Goddess, P.A., for its complaint against defendants, alleges
  • common stock of Continental Airlines, Inc.,
  • Defendant Northwest Airlines, Inc.
  • commercial air transportation of passengers and cargo in the
  • Continental and owns or controls approximately 5.3 million shares
  • of Class A stock which carry super voting rights of 10 votes per
  • pursuant to Rule 23 of the Rules of the Court
  • The class is so numerous that joinder of all members is impracticable.
  • shareholders located throughout the country.
  • There are questions of law and fact which are
  • damages as a result of the wrongful conduct committed by
  • making appropriate injunctive relief and/or corresponding
  • In January, 1998, the Individual Defendants determined to place
  • reached an agreement in principle providing for a proposed
  • This proposed transaction was scuttled by Northwest's
  • On or about January 25, 1998, Delta and Northwest
  • were considered by the Continental Board of Directors.
  • Bonderman advised the Continental Board that he would be willing
  • merger bid for Continental.
  • but under different ownership and management.
  • fiduciary duties owed to the public shareholders of Continental
  • Northwest will have full control without having paid the
  • Northwest knowingly aided and abetted the breaches
  •    |