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GOLDRING v SUNBELT BEVERAGE Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 16,089, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, Plaintiff: GOLDRING, State: DE Delaware, UniqueCaseRef: DE>CC>00016089, Arbitration, Goldring, Sunbelt, Merger, Agreement, Delaware, Del, Shareholders, Sunbelt Beverage, Motion, Dismiss, Appraisal Action, Rights, Breach, Common Law Action, Shares, Merinoff, Motions, Parties, Prejudice, Chandler, Respondents, Chancery, Jurisdiction, Support, Fiduciary Duties, Sunbelt Holding, Opposition, Determination, Arbitrators, Charles Merinoff, Stock, York Action, Jane Goldring, Sbc, Advanced Drivers, Sunbelt Beverage Corporation, Proceeding, Exponential Tech , ContentID: 120241039

Case Documents
1 2000-05-15 REPLY BRIEF IN FURTHER SUPPORT OF MOTIONS
[ see first page and extracted highlights below  ] ItemID: 103232
20 pages
PDF
2 2000-05-01 J. GOLDRINGS ANSWERING BRIEF IN OPPOSITION TO RESPONDENTS AND DEFENDANTS MOTIONS TO DISMISS OR STAY
[ see first page and extracted highlights below  ] ItemID: 103233
39 pages
PDF
3 2000-04-03 RESPONDENTS MEMORANDUM IN SUPPORT OF MOTION TO DISMISS OR STAY
[ see first page and extracted highlights below  ] ItemID: 103234
20 pages
PDF
Total Documents: 3 documents , 79 pages
Price: $ 29.95


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1 . REPLY BRIEF IN FURTHER SUPPORT OF MOTIONS

EXTRACTED KEY WORDS
COURT
MOTION
DEL
DISMISS
ARBITRATION
SUNBELT
DEFENDANTS
AGREEMENT
SHAREHOLDERS
PLAINTIFFS
PREJUDICE
SUPPORT
YORK ACTION
DELAWARE
CHANDLER
DETERMINATION
EXPONENTIAL TECH
ARBITRATORS
COMPEL ARBITRATION
APPRAISAL ACTION
OPPOSITION
COMMON LAW
GOLDRING ARGUES
ARBITRATE
ACTIONS PENDING
SUNBELT BEVERAGE CORPORATION
SUNBELT HOLDING
APPLE COMPUTER
CONFORMITY
                 IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
                                  IN AND FOR NEW CASTLE COUNTY
 JANE GOLDRING,
                                               i
                   Petitioner,
           V.                                  i Civil  ActionNo.  16089NC   4
                                               )
 SUNBELT BEVERAGE CORPORATION )
 and SUNBELT HOLDING, INC.,
                                               i
                   Respondents.                >


 JANE GOLDRING,                                >

                           Plaintiff,
           V.                                  ) Civil Action No. 17368NC
                                               >
 SUNBELT BEVERAGE CORPORATION, )                                                            ,.
 SBC MERGER CORPORATION,                       >
 SUNBELT HOLDING, INC., HERMAN I. )
 MERINOFF, SPENCER MERlNOFF,
 CHARLES MERINOFF, CHARLES                     ;
 ANDREWS, RAYMOND R.
 HERRMANN, JR. and EUGENE                      ;
 LIJCIANA,
                                               ;
                   Defendants.
                                               ;
     REPLY BRIEF IN FURTHER SUPPORT OF MOTIONS TO DISMISS WITHOUT
                        PREJUDICE OR, IN THE ALTERNATIVE, STAY

OF COUNSEL                                          Jesse A. Finkelstein
                                                    Srinivas M. Raju
Howard Graff                                        Richards, Layton & Finger
Neal S. Barlia                                      One Rodney Square
Susan Sawyer                                        P.O. Box 551
Baer Marks & Upham LLP                              Wilmington, DE 19899-055 1
805 Third Avenue                                    (302) 658-6541
New York, New York 10022-75 13                      Attorneys for Respondents/Defendants
(212) 702-5700

Dated: Ma.y 15, 2000

RLF-2157174-l



                                                    TABLE OF CONTENTS
SNIPPETS:
  • IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
  • JANE GOLDRING,
  • SUNBELT BEVERAGE CORPORATION)
  • SUNBELT HOLDING, INC., HERMAN I.)
  • REPLY BRIEF IN FURTHER SUPPORT OF MOTIONS TO DISMISS WITHOUT
  • PREJUDICE OR, IN THE ALTERNATIVE, STAY
  • Apple Computer.
  • Inc. v. Exponential Tech., Inc., Del.
  • No. 15134, Chandler, V.C.,,.,..,.,,,,,.,.,,_.,_,..,......_._....,.,.
  • This brief is respectfully submitted by Sunbelt' and the Defendants in further support of
  • Arbitration in Sunbelt's favor will completely resolve these actions.
  • has been conclusively established in the New York Action.
  • determination here or have the Court reach the merits of the issues which are properly before
  • Gol,dring's response to this motion brings to mind Yogi Berra's famous line, "This is deja vu
  • opposition to the Motion to Compel Arbitration in the New York Action and were rejected by the
  • Stay the Appraisal Action and the Brief in Support of Defendants' Motion to Dismiss or Stay
  • Goldring argues that the breach of fiduciary claims that are the subject of the
  • Common L,aw Action are not subject to Arbitration because the Shareholders' Agreement did not
  • the arbitrators' determination that the Call is valid and
  • Answer in the New York Action, in her briefin opposition to Sunbelt's Motion to Compel
  • asserted that "[alny attempt to mediate or arbitrate issues with respect to the Call can have
  • acted in conformity with the terms of the Shareholders'
  • In Havens defendants argued that resolution of plaintiffs corporate opportunity claims
  • this Court should exercise its discretion and stay these actions pending resolution of the

  • 2 . J. GOLDRINGS ANSWERING BRIEF IN OPPOSITION TO RESPONDENTS AND DEFENDANTS MOTIONS TO DISMISS OR STAY

    EXTRACTED KEY WORDS
    ARBITRATION
    AGREEMENT
    COURT
    DEFENDANTS
    GOLDRING
    SUNBELT BEVERAGE
    DELAWARE
    RIGHTS
    BREACH
    MERINOFF
    MOTIONS
    PARTIES
    SHAREHOLDERS
    SHARES
    FIDUCIARY DUTIES
    CHARLES MERINOFF
    JANE GOLDRING
    SBC
    RESPONDENTS
    CHANCERY
    PLAINTIFFS
    CHARLES ANDREWS
    OPPOSITION
    REMEDIES
    MCWANE DOCTRINE
    EFFECTIVE TIME
    DETERMINATION
    STATUTORY
    PURPOSES
    
               IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
    
                          IN AND FOR NEW CASTLE COUNTY
    
    
    JANE GOLDRING,
    
                       Petitioner,
         V.                                  Civil Action No.  l6089NC    J
    SUNBELT BEVERAGE CORPORATION :
    and SUNBELT  HOLDING, INC., : :
                       Respondents. ::
    JANE GOLDRING, ::
                       Plaintiff, :
         V .   :                             Civil Action No.  17368NC
    
    SUNBELT BEVERAGE CORPORATION, :
    SBC MERGER CORPORATION, :
    SUNBELT HOLDING, INC., :
    HERMAN I. MERINOFF, SPENCER :
    MERINOFF, CHARLES MERINOFF, :
    CHARLES ANDREWS, RAYMOND R. :
    HERRMANN, JR. and EUGENE :
    LUCIANA, :
                       Defendants. :
    
    
                JANE GOLDRING'S ANSWERING BRIEF IN OPPOSITION
       TO RESPONDENTS' AND DEFENDANTS' MOTIONS TO DISMISS OR STAY
    
    
                                      MORRIS, NICHOLS, ARSHT  & TUNNELL
    OF COUNSEL:                       William 0.  LaMotte,  III
                                      S. Mark Hurd
    Preston H. Longino, Jr.           1201 N. Market Street
    Law Office of I?reston H.         P-0. Box 1347
      Longino, P.C.                   Wilmington, DE 19899-1347
    624 North 44th Avenue             (302) 658-9200
    Phoenix, AZ 85043-2915                Attorneys for  Petitioner-
    (602) 353-6116                        Plaintiff Jane  Goldring
    
    May  1, 2000
    
    
    
                                                                                   1.
    
    
                                     TABLE OF CONTENTS
    
    SNIPPETS:
  • IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
  • JANE GOLDRING,
  • SUNBELT BEVERAGE CORPORATION,: SBC MERGER CORPORATION,: SUNBELT HOLDING, INC.,: HERMAN I.
  • JANE GOLDRING'S ANSWERING BRIEF IN OPPOSITION TO RESPONDENTS' AND DEFENDANTS' MOTIONS TO
  • The Merger.
  • REMEDIES ARISE FROM THE INDEPENDENT LEtGAL
  • GOLDRING'S RIGHTS TO SEEK APPRAISAL AND TO PURSUE CLAIMS FOR BREACH OF FIDUCIARY DUTIES EXIST
  • Determination Of The Fair Value Of Her
  • Shares Of Common Stock Because She Did
  • The McWane Doctrine Does Not API?~Y
  • Corporation Investor Shareholders Agreement ("the Shareholders'
  • pursuant to court order in the New York
  • the parties engaged in mediation of their disputes.
  • Merinoff, Charles Merinoff, Charles Andrews, Raymond R. Hermann,
  • Goldring's statutory right under Section 262 of t.he Delaware
  • Immediately before the Effective Time of the cash-out
  • Shareholder for purposes of this Agreement
  • plaintiffs' corporate opportunity claims would require the Court

  • 3 . RESPONDENTS MEMORANDUM IN SUPPORT OF MOTION TO DISMISS OR STAY

    EXTRACTED KEY WORDS
    COURT
    SUNBELT
    DELAWARE
    DEL
    COMMON LAW ACTION
    APPRAISAL ACTION
    SHAREHOLDERS
    AGREEMENT
    GOLDRING
    JURISDICTION
    STOCK
    CHANCERY
    SUNBELT HOLDING
    CHANDLER
    SHARES
    RESPONDENTS
    ADVANCED DRIVERS
    PROCEEDING
    MEMORANDUM
    CASH-OUT MERGER
    ARBITRATORS
    PROVISION
    INVESTOR SHAREHOLDER
    SUNBELT BEVERAGE CORPORATION
    PREJUDICE
    DEFENDANTS
    PETITIONER
    PRIOR-PENDING ARBITRATION
    ADVANCED DRIVERS EDUC
    
                  IN THE COURT OF CHANCERY OF THE STATE OF DELAWRAE
                                     IN AND FOR NEW CASTLE COUNTY
    
    JANE GOLDRlNG,                                    1
    
                      Petitioner,
                                                      I     Civil Action No. 16089 NC
            V.
    
    SUNBELT BEVERAGE CORPORATION,                     I
    and SUNBELT HOLDING, INC.
    
                      Respondents.
    
                                                                                              c -3
                          RESPONDENTS' MEMORANDUM IN SUPPORT O@
                         THEIR MOTION TO DISMISS WITHOUT PREJUDICE                            7 '
                                     OR, IN THE ALTERNATIVE, TO STAY              ;,          1-1
                                                                             -          ,,    cl
                                                                                        -_
    
    
    
    
    OF COUNSEL:                                             Jesse A. Finkelstein
                                                            Srinivas M. Raju
    Howard GrafT                                            Richards, Layton & Finger
    Neal S. Barlia                                          One Rodney Square
    Susan Sawyer                                            P.O. Box 55 1
    Baer Marks & Upham LLP                                  Wilmington, DE 19899-055 1
    805 Third Avenue                                        (302) 658-6541
    New York, New York 10022-7513                           Attorneys for Respondents
    (2 12) 702-5700
    
    Dated: April 3, 2000
    
    
    
    
    
    
    
    
    
    
    RLFl-2139244.1
    
    
    
    
    SNIPPETS:
  • RESPONDENTS' MEMORANDUM IN SUPPORT O@
  • The Delaware Common Law Action
  • STAYED IN FAVOR OF THE PRIOR-PENDING ARBITRATION
  • Jurisdiction Over This Action
  • Inc., Del.
  • No. 16315, Chandler, V.C..
  • Respondents Sunbelt Beverage Corporation and Sunbelt Holding,
  • collectively referred to herein as "Sunbelt") respectfully submit this Memorandum of Law
  • Court of Chancery Rule 12, or in the alternative, to stay this action, pursuant to 10 &J.
  • This appraisal proceeding and the Arbitration arise from certain disputes between
  • Petitioner Jane Goldring and Sunbelt as to the terms and conditions under
  • Sunbelt properly called Goldring's restricted stock in accordance with the express
  • provisions of a shareholders agreement to which she and
  • and also did a cash-out merger of that restricted stock.'
  • Jane Goldring v. Sunbelt Beverage Corporation.
  • Goldring alleges that defendants' actions in connection with the exercise of the Call and
  • Defendants have also moved for a dismissal or stay of the Common Law Action.
  • `The Statement of Facts herein is virtually identical to the Statement of Facts contained in
  • Agreement, each Investor Shareholder appointed Colmar as its proxy to vote its shares, a
  • "Transfer" shall mean any transfer, sale, assignment, pledge, encumbrance or other
  • The Call provision is contained in Article 2.2of the Shareholders' Agreement.
  • "A copy of the Stipulation staying the Appraisal Action pending mediation is annexed to the
  • If, as Sunbelt believes, the arbitrators determine that Goldring must accept as consideration
  • As this Court explained in In re Advanced Drivers Educ.
  •    |