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HANNA v PRIMARY HEALTH SYSTEMS Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 16,623, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, Plaintiff: HANNA, State: DE Delaware, UniqueCaseRef: DE>CC>00016623, Phs, Demand, Expedition, Hanna, Stock, Chancery, Delaware, Scheduling, Books, Shares, Mismanagement, Complaint, Resignation, Directors, Del, Loss, Motion, Pursuant, Entry, Requiring, Accordance, Losses, Urgent, Navigation, Noting , ContentID: 120241061

Case Documents
1 1998-09-03 INC. MOTION
[ see first page and extracted highlights below  ] ItemID: 103538
4 pages
PDF
Total Documents: 1 document , 4 pages
Price: $ 19.95


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1 . INC. MOTION

EXTRACTED KEY WORDS
COURT
DEMAND
EXPEDITION
HANNA
STOCK
CHANCERY
DELAWARE
PLAINTIFF
SCHEDULING
BOOKS
SHARES
MISMANAGEMENT
COMPLAINT
RESIGNATION
MEMBERS
DIRECTORS
DEL
LOSS
MOTION
PURSUANT
ENTRY
REQUIRING
DEFENDANT
ACCORDANCE
BUSINESS
LOSSES
URGENT
NAVIGATION
NOTING
          IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

                          IN AND FOR NEW CASTLE COUNTY                                  -  :       
                                                                           r-,  ;                  
                                                                           "-' .
                                                                                  ",
EDWARD HANNA,                                 >                            c  I(                   
                                                                           "  :
                                              >                                                    
                 Plaintiff,                   >                            :
                                              >       Civil Action No.     r                     
                                                                                                  ,
          V .                                 >                                                    
                                                                            <               `1
                                              >                                 L.  1  -           
                                                                                         ,"
PRIMARY HEALTH SYSTEMS, INC.                  )                                          --,,:     
                                              >
                 Defendant.                   >

                      MOTION FOR EXPEDITED PROCEEDINGS

                 Plaintiff hereby moves the Court, pursuant to Rules 12(a) and 173 of the

Rules of the Court of Chancery, for the entry of an order in the form attached hereto,

expediting the proceedings in this action by requiring that defendant answer the

complaint by Monday, September 7, 1998, and by scheduling the trial of this action to

begin before Wednesday, September 16, 1998. The reasons for this motion are set forth

below.

                                        Background

          1.     On August 21, 1998, plaintiff Edward Hanna ("Hanna"), a holder of

record of the class B common stock of defendant Primary Health Systems, Inc. ("PHS"  or

the "Company"), made and mailed a written demand (the "Demand") in accordance with

Section 220 of the Delaware General Corporation Law demanding the right to inspect

and copy the stock list and certain specified books and records of the Company.

          2.     The Demand was sent on August 21, 1998, via certified mail to PHS at

both the office of its registered agent for service of process in Delaware and at its
SNIPPETS:
  • IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
  • MOTION FOR EXPEDITED PROCEEDINGS
  • Plaintiff hereby moves the Court, pursuant to Rules 12and 173 of the
  • Rules of the Court of Chancery, for the entry of an order in the form attached hereto,
  • expediting the proceedings in this action by requiring that defendant answer the
  • complaint by Monday, September 7, 1998, and by scheduling the trial of this action to
  • made and mailed a written demand in accordance with
  • and copy the stock list and certain specified books and records of the Company.
  • The Demand was sent on August 21, 1998, via certified mail to PHS at
  • principal place of business in Pennsylvania.
  • the Demand was received by PHS, and the Company still has not permitted Hanna to
  • possible mismanagement of PHS in light of the precipitous losses sustained by PHS
  • members of PHS' board of directors.
  • well for Hanna to value his shares.
  • Rainbow Navigation, Inc. v. Pan Ocean Navigation, Del.
  • (noting that Section 220 actions are "normally expedited"); A4&z Corp. V. Heli-Coil Corp.,
  • Expedition is especially important in this action.
  • the combination of this precipitous loss and the
  • corresponding resignation of nearly all the members of the board of directors of PHS
  • merit an urgent investigation into possible mismanagement within the Company.
  •    |