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1
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REPLY BRIEF IN SUPPORT OF MOTION FOR SUMMARY JUDGMENT
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EXTRACTED KEY WORDS
JUDGEMENT SETTLEMENT DEFENDANT CENTRA SUMMARY JUDGMENT COURT DELAWARE PLAINTIFFS SUPR CASH DIVIDEND DEL DIRECTORS DEFENDANT AGNES SUPPORT ANADARKO PETROLEUM CORN MICHIGAN ANNE MOROUN BUSINESS JUDGMENT RULE RES JUDICATA SHAREHOLDER DISINTERESTED DIRECTORS DEFENDANT MANUEL CROSS-MOTION AUTHORITIES SUMMARY JUDGMENT PERMITTING PANHANDLE EASTERN CORN RESTATEMENT UNDISPUTED FACT SUPERIOR COURT DECISION |
IN THE COURT OF CHANCERY FOR THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
VICTORIA M. BAKS and )
FLORENCE M. McBRIEN, 11
Plaintiffs, ))
V. > C.A. No. 16810 NC
1
MANUEL J. MOROUN, NORA 1
MOROUN, MATTHEW T. MOROUN, )
AGNES A. MOROUN, NORMAN E. 1
HARNED, ROBERT E. MCFARLAND, >
DANIEL STAMPER and ANDRE P. )
LEVESQUE, 1>
Defendants, ))
-and- 11
CENTRA, INC., 1
a Delaware corporation, 11
Nominal Defendant. )
REPLY BRIEF OF THE DEFENDANT
AGNES A. MOROUN IN SUPPORT OF HER
CROSS-MOTION FOR SUMMARY JUDGMENT
MORRIS, JAMES, HITCHENS & WILLIAMS
Grover C. Brown (I.D. No. 2339)
222 Delaware Avenue
P. 0. Box 2306
Wilmington, Delaware 19899
(302) 888-6800
Attorneys for Defendant Agnes A. Moroun
Dated: April 14, 1999
TABLE OF CONTENTS
Page
TABLE OF CASES AND OTHER AUTHORITIES . . . , . . . . . . . . . . . . . . . . . i
ARGUMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
THE DEFENDANT AGNES A. MOROUN' IS
ENTITLED TO SUMMARY JUDGMENT PERMITTING
HER TO ACCEPT THE SETTLEMENT OFFERED TO HER
SNIPPETS:
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2
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MEMO IN SUPPORT OF MOTION TO DISQUALIFY
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EXTRACTED KEY WORDS
COUNSEL CONSENT INDIVIDUAL DEFENDANTS REPRESENTATION PLAINTIFFS DIRECTORS CONFLICT DKT ADVERSE MOTION CLIENTS MOROUN DISQUALIFY LAWYERS LIMITATIONS DEFENSE ADVERSELY AFFECT JOINT REPRESENTATION COURT DELAWARE LAWYERS BAKS SUPPORT ARGUE STATUTE LITIGATION LITIGATION STRATEGY CORPORATE DEFENDANT PAPERS AFFIDAVITS OPENING |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
VICTORIA M. BAKS and
FLORENCE M. McBRIEN,
Plaintiffs,
V. > C.A. No. 16810 _;
>
MANUEL J. MOROUN, >
NORA MOROUN, >
MATTHEW T. MOROUN, )
-AGNES A. MOROUN, 1
NORMAN E. HARNED, )
ROBERT E. MCFARLAND, )
DANIEL STAMPER and >
ANDRE P. LEVESQUE, >>
-and- ))
CENTRA, INC., a Delaware corporation, ))
Nominal Defendant. )
REPLY MEMORANDUM OF PLAINTIFFS BAKS AND MCBRIEN
IN SUPPORT OF THEIR MOTION TO DISOUALIFY
On March 18, 1999, plaintiffs Victoria M. Baks ("Baks") and Florence M. McBrien
("McBrien") (together, "Plaintiffs"), moved the Court to disqualify Daniel L. McKenty, Esq. and
David A. Domina, Esq., and their respective law firms (together, "Counsel"), from continuing to
represent the individual director-defendants Matthew T. Moroun, Norman E. Hamed, Robert E.
McFarland, Daniel Stamper and Andre R. Levesque (collectively, the "Individual Defendants"), and
corporate defendant CenTra, Inc. ("CenTra" or the "Company"), in this action. (Dkt. 55). On
April 7, 1999, the Individual Defendants and CenTra filed a brief in opposition to the motion to
FUFl-213143-I
disqualify. (Dkt. 58). This is Plaintiffs' Reply Memorandum in Support of their Motion to
SNIPPETS:
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3
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REPLY BRIEF IN SUPPORT OF MOTION FOR SUMMARY JUDGMENT
|
EXTRACTED KEY WORDS
MOROUN DEFENDANTS DIVIDEND SUMMARY JUDGMENT PLAINTIFFS DELAWARE SUPPORT SHAREHOLDERS LIMITATIONS MOTION STOCK DEL STATUTE HARNED PLAN LIMITATIONS DEFENSE NORA MOROUN ESCHEAT LAWS DIRECTORS WILMINGTON TRUST STOCK RESTRICTION AGREEMENT SETTLEMENT CHANCERY STATEMENTOFFACTS UNCLAIMED DIVIDENDS AFFIDAVIT CORPORATE OFFICERS MICHIGAN BUSINESS JUDGMENT COMPENSATION |
IN THE COURT OF CHANCERY FOR THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
VICTORIA M. BAKS and 1
FLORENCE M. McBRIEN, ))
Plaintiffs, 1) C. A. No. 16810 NC
V. >)
MANUEL J. MOROUN, )
NORA MOROUN, >
MATTHEW T. MOROUN, )
AGNES A. MOROUN, )
NORMAN E. HARNED, )
ROBERT E. M .
CFARLAND, )
DANIEL STAMPER and )
ANDRE P. LEVESQUE, >1 >
,
Defendants, 1 -. I_ ;
>
- and - 1>
CENTRA, INC., 1
a Delaware corporation, >1
Nominal Defendant. 1
REPLY BRIEF OF DEFENDANTS
MANUEL J. MOROUN AND NORA MOROUN
IN SUPPORT OF THEIR MOTION FOR SUMMARY JUDGMENT
BIGGS AND BATTAGLIA
Victor F. Battaglia
Robert D. Goldberg
1800 Mellon Bank Center
P.O. Box 1489
Wilmington, DE 19899
(302) 655-9677
Attorneys for Defendants Manuel J.
Moroun and Nora Moroun
Dated: April 13, 1999
TABLE OF CONTENTS
TABLEOFCONTENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SNIPPETS:
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4
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RESPONSE TO MOTION TO DISQUALIFY COUNSEL
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EXTRACTED KEY WORDS
PLAINTIFFS COURT MOTION DISQUALIFICATION DEFENDANTS COUNSEL SETTLEMENT RESOLUTION BOARD MAJORITY REPRESENTATION DELAWARE DOMINA DIRECTORS MOROUN LAWYERS CONFLICT CONFLICTING DUTIES INDIVIDUAL DIRECTORS SUMMARY JUDGMENT LITIGATION SUPERIOR COURT INDEPENDENT DIRECTORS SHAREHOLDERS DOMINA LAW MCFARLAND SUPERIOR COURT SUIT INCONSISTENT DIRECTLY ADVERSE PARAGRAPH ATTORNEYS |
IN THE CHANCERY COURT OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
VICTORIA M. BAKS, et al., >>
Plaintiffs, > C.A. No. 16,810
V.
MANUEL J. MOROUN, et al.,.
Defendants.
RESPONSE OF DEFENDANTS
M.T. MOROUN, N. HARNED, R. MCFARLAND,
D. STAMPER, A. LEVESQUE, AND CENTRA, INC.
TO PLAINTIFFS' MOTION TO DISQUALIFY COUNSEL
WENDELBURG, MCCULLOUGH &
McKENTY, P.A.
Daniel L. McKenty
Steven F. Mones r-
824 Market Street, Fourth Floor
P.O. Box 397
Wilmington, DE 19899-0397 '
(302) 655-6749 _
DOMINA LAW pc
David A. Domina
W. Craig Howell
1065 N. 115th St., Suite 150
Omaha, Nebraska 68 154-4423
(402) 493-4100
Attorneys for Defendants
M.T. Moroun, N. Harned, R. McFarland,
D. Stamper, A. Levesque, and CenTra, Inc.
April 7,1999
TABLE OF CONTENTS
SNIPPETS:
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5
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REPLY BRIEF IN SUPPORT OF MOTION FOR SUMMARY JUDGMENT
|
EXTRACTED KEY WORDS
SETTLEMENT RESOLUTION CENTRA DIVIDEND COURT JUDGEMENT MOROUN LITIGATION MOTION SUMMARY JUDGMENT MANUEL DEFENDANTS SETTLE SHAREHOLDERS MCFARLAND SUPPORT PAY BUSINESS JUDGMENT DIRECTORS BOARD MAJORITY PRUDENT BUSINESS LIMITATIONS OFFERING SETTLEMENT TERMS AFFIDAVIT WILMINGTON TRUST CHANCERY COURT OPPOSITION AUTHORITIES ANADARKO PETROLEUM DERIVATIVE ACTION |
57
IN THE CHANCERY COURT OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
VICTORIA M. BAKS, et al., >1
Plaintiffs, 1 C.A. No. 16,810
V.
MANUEL J. MOROUN, et al.,.
Defendants. 1
REPLY BRIEF
OF DEFENDANTS M.T. MOROUN, N. HARNED, R. MCFARLAND,
D. STAMPER, A. LEVESQUE, AND CENTRA, INC. IN SUPPORT
OF THEIR MOTION FOR SUMMARY JUDGMENT AND IN
OPPOSITION TO PLAINTIFFS' MOTION FOR SUMMARY JUDGMENT
WENDELBURG, MCCULLOUGH &
McKENTY, P.A.
Daniel L. McKenty
Steven F. Mones
824 Market Street. Fourth Floor
P.O. Box 397
Wilmington, DE 19899-0397
(302) 6556749
DOMINA LAW pc
David A. Domina
W. Craig Howell
1065 N. 115th St., Suite I50
Omaha, Nebraska 68 154-4423
(402) 493-4 100
Attorneys for Defendants
M.T. Moroun, N. Harned, R. McFarland,
D. Stamper, A. Levesque, and CenTra. Inc.
April 7, 1999
TABLE OF CONTENTS
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6
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PLAINTIFFS REPLY BRIEF
|
EXTRACTED KEY WORDS
DIVIDEND CENTRA JUDGEMENT STATUTE STOCK ESCHEAT PLAINTIFFS DEFENDANTS LIMITATIONS MOTION SUMMARY JUDGMENT RES JUDICATA DKT DEL SECOND HERRING COMPLAINT HARNED PLAN CONSTITUTION STOCKHOLDER SECOND HERRING AFF SHAREHOLDER DIRECTORS CONTROLLING STOCKHOLDER BUSINESS JUDGMENT RULE MATTHEW MOROUN CORPORATE WASTE BUSINESS JUDGMENT AGNES MOROUN DISINTERESTEDNESS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE 65-0
IN AND FOR NEW CASTLE COUNTY
VICTORIA M. BAKS and >
FLORENCE M. McBRIEN, )
Plaintiffs,
V . j C.A. No. 16810
>
MANUEL J. MOROUN, 1
NORA MOROUN, >
MATTHEW T. MOROUN, 1
AGNES A. MOROUN, >
NORMAN E. HARNED,
ROBERT E. MCFARLAND, 1
DANIEL STAMPER and >
ANDRE P. LEVESQUE, >
- and -
)
CENTRA, INC., a Delaware corporation, )
)
Nominal Defendant. >
PLAINTIFFS' REPLY BRIEF IN SUPPORT OF THEIR MOTION
FOR SUMMARY JUDGMENT AND IN OPPOSITION TO
DEFENDANTS' MOTIONS FOR SUMMARY JUDGMENT AND TO DISMISS
Gregory V. Varallo
Kelly A. Herring
Richards, Layton & Finger, P.A.
One Rodney Square
P.O. Box 551
Wilmington, DE 19899
Attorneys for Plaintiffs
Dated: March 18, 1999
RLFl-210013-I
SNIPPETS:
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7
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MOTION
|
EXTRACTED KEY WORDS
DELAWARE COURT MOROUN SUMMARY JUDGMENT BATTAGLIA ESQUIRE WILMINGTON MOTION CHANCERY CASTLE COUNTY VICTOR BIGGS HEREBY COMPLAINT PLAINTIFFS SETTLEMENT CERTIFICATE MCKENTY BROWN COUNSEL GREGORY VARALLO RICHARDS LAYTON FINGER RODNEY SQUARE DANIEL WENDELBURG MCCULLOUGH |
IN THE COURT OF CHANCERY FOR THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
VICTORIA M. BAKS and )
FLORENCE M. McBRIEN, )1
Plaintiffs, 1)
V. 1 C.A. No. 16810 NC
1
MANUEL J. MOROUN, NORA )
MOROUN, MATTHEW T. MOROUN, )
AGNES A. MOROUN, NORMAN E. 1
HARNED, ROBERT E. MCFARLAND, )
DANIEL STAMPER and ANDRE P. 1
LEVESQUE, )>
Defendants, ))
-and- 1)
CENTRA, INC., )
a Delaware corporation, 1)
Nominal Defendant. )
NOTICE OF MOTION
TO: Gregory V. Varallo, Esquire Daniel L. McKenty, Esquire
Richards, Layton & Finger Wendelburg, McCullough & McKenty
One Rodney Square 824 Market Street - 4th Floor
Wilmington, Delaware 19801 Wilmington, Delaware 19801
Victor F. Battaglia, Esquire
Biggs & Battaglia
1800 Mellon Bank Center
Wilmington, Delaware 19801
PLEASE TAKE NOTICE that the attached Motion Of Defendant Agnes A.
Moroun For Summary Judgment will be presented to the Court at a date and time
convenient to the Court.
MORRIS, JAMES, HITCHENS & WILLIAMS
222 Delaware Avenue
P. 0. Box 2306
Wilmington, Delaware 19899
SNIPPETS:
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8
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AFFIDAVIT
|
EXTRACTED KEY WORDS
MOROUN CIRCUIT COURT DEFENDANT STOCK CENTRA OAKLAND MICHIGAN HERETO EXHIBIT AGNES SWORN BAKS STOCK RESTRICTION AGREEMENT PRICE COMPLAINT DEAN WITTER REYNOLDS NEPHEW MATTHEW SALE REFERENCE AFORESAID STOCK RESTRICTION SETTLEMENT JURY DEMAND STIPULATION ORDER ENTERED THEREON AFFIANT SAYETH NAUGHT |
IN THE COURT OF CHANCERY FOR THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
VICTORIA M. BAKS and 1
FLORENCE M. McBRIEN, 1)
Plaintiffs, )1
V. ) C.A. No. 16810 NC
)
MANUEL J. MOROUN, NORA 1
MOROUN, MA?THEW T. MOROUN, )
AGNES A. MOROUN, NORMAN E. >
HARNED, ROBERT E,, MCFARLAND, )
DANIEL STAMPER and ANDRE P. >
LEVESQUE, 1>
Defendants, )>
-and- )>
CENTRA, INC., 1
a Delaware corporation,, 1>
Nominal Defendant. 1
SKFFIDAVIT OF AGNES A. MOROUN
STATE OF MICHIGAN >1 ss:
COUNTY OF OAKLAND )
Agnes A. Moroun, having been duly sworn according to law, did depose and
say as follows:
1. I am a defendant named in the above-captioned action and the sister
of the defendant Manuel J. Moroun and the plaintiffs Victoria M. Baks and Florence M.
McBrien. I am a signatory to the Stock Restriction Agreement entered into between the
four of us and the defendant corporation CenTra, Inc. on November 23, 1970.
2. During the latter part of 1994, in a transaction ultimately consummated
in early 1995, I sold my common stock in the defendant CenTra, Inc. to my nephew,
Matthew T. Moroun. T,he price for the sale of my stock interests was determined with
reference to the price formula contained in Article 2 of the aforesaid Stock Restriction
SNIPPETS:
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9
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BRIEF
|
EXTRACTED KEY WORDS
CENTRA SHAREHOLDERS BUSINESS JUDGMENT PLAINTIFFS LITIGATION MOROUN STATUTE LIMITATIONS COURT DEFENDANTS SUMMARY JUDGMENT DELAWARE FACTS DEMAND SETTLEMENT RESOLUTION MCFARLAND COMPROMISE DIRECTORS PROCEDURAL PREREQUISITES EVIDENCE INDEX AUTHORITIES DERIVATIVE LITIGATION PRUDENT BUSINESS JUDGMENT DIVIDEND DECLARATION COMPLAINT TECHNICAL DEFENSE COMMON STOCK CASTLE COUNTY VII |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
VICTORIA M. BAKS, and
FLORENCE M. McBRIEN,
Plaintiffs, > C.A. No. 16,810
)
V. )
)
MANUEL J. MOROUN, )
NORA MOROUN, )
MATTHEW T. MOROUN, )
AGNES A. MOROUN, >
NORMAN E. HARNED, >
ROBERT E. MCFARLAND, )
DANNIE STAMPER, AND )
ANDRE P. LEVESQUE, and )
CENTRA, INC., ))
Defendants. >
OPENING BRIEF OF DEFENDANTS HARNED, MCFARLAND, STAMPER,
M. T. MOROUN, LEVESQUE, AND CENTRA, INC.
IN SUPPORT OF THEIR MOTIONS FOR SUMMARY JUDGMENT
AND IN OPPOSITION TO PLAINTIFFS' MOTION FOR SUMMARY JUDGMENT
DOMINA LAW, PC WENDELBURG, MCCULLOUGH &
David A. Domina McKENTY, P.A.
W. Craig Howell Daniel L. McKenty
1065 n. 115th Street, Suite 150 Steven F. Mones
Omaha, NE 68 154-4423 824 North Market Street, Fourth Floor
(402) 493-4100 P-0. Box 397
Attorneys for Defendants CenTra, Inc., Wilmington, DE 19899-0397
M.T. Moroun, N. Harned, R. McFarland, (302) 655-6749
D. Stamper, and A. Levesque Attorneys for Defendants CenTra, Inc.,
M.T. Moroun, N. Harned, R. McFarland,
D. Stamper, and A. Levesque
February 8, 1999
TABLE OF CONTENTS
Table of Authorities
SNIPPETS:
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10
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BRIEF
|
EXTRACTED KEY WORDS
PLAINTIFFS SUMMARY JUDGMENT DEFENDANT COURT DIVIDEND STOCK SETTLEMENT ANNE MOROUN SHAREHOLDERS DELAWARE AGNES DEL DIRECTORS EXHIBIT AFFIDAVIT CASH DIVIDEND CASTLE COUNTY PLAINTIFFS BAKS STOCK RESTRICTION AGREEMENT COMMON STOCK AUTHORITIES AMENDED COMPLAINT RONALD LECH SUPREME COURT SUPERIOR COURT JAFFE FIRM PREJUDICE SECOND AMENDED COMPLAINT CHIEF FINANCIAL OFFICER |
IN THE COURT OF CHANCERY FOR THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
VICTORIA M. BAKS and )
FLORENCE M. McBRIEN, ))
Plaintiffs, 11
V. 1 C.A. No. 16810 NC
1
MANUEL J. MOROUN, NORA )
MOROUN, MATTHEW T. MOROUN, )
AGNES A. MOROUN, NORMAN E. 1
HARNED, ROBERT E. MCFARLAND, )
DANIEL STAMPER and ANDRE P.
LEVESQUE,
Defendants,
-and-
CENTRA, INC. 9
a Delaware corporation,
Nominal Defendant.
ANSWERING BRIEF OF THE DEFENDANT
AGNES A. MOROUN IN OPPOSITION TO
PLAINTIFFS' MOTION FOR SUMMARY JUDGMENT
AND OPENING BRIEF IN SUPPORT OF HER
CROSS-MOTION FOR SUMMARY JUDGMENT
MORRIS, JAMES, HITCHENS &WILLIAMS
Grover C. Brown (I.D. No. 2339)
222 Delaware Avenue
P. 0. Box 2306
Wilmington, Delaware 19899
(302) 888-6800
Attorneys for Defendant Agnes A. Moroun
February 8_, 1999
TABLE OF CONTENTS
TABLE OF CASES AND OTHER AUTHORITIES . . . . . . . . . . . . . . . . . . . . . i
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