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1
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PETITION
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EXTRACTED KEY WORDS
CHAMPION MERGER ERNST FINANCIAL STATEMENTS NET INCOME NET REVENUE STOCK HEALTHCARE HOSPITALS CARE FMANCIAL STATEMENTS HEALTHCARE CORPORATION SHAREHOLDERS PRIOR MERGER AGREEMENT PSYCHIATRIC HOSPITALS KRUKEMEYER REPRESENTATIONS PLAINTIFFS ACCOUNTING OPERATING EXPENSES PARACELSUS ACQUIRED CHAMPION ROBERT OROVITZ HONORABLE COURT NEGLIGENT MISREPRESENTATION DEFENDANT ERNST IRREGULARITIES RECEIVABLES GOVERNMENT PROGRAMS |
.,:
No. I
. :,- ,.
`,
,,
JAMES G. CAVEN and § IN THE DISTRICT COUii~ OF
ROBERT OROVITZ , derivatively 8
on behalf of Champion Healthcare
8
-`,
Corporation and Paracelsus Q ;; _
,:
_
Healthcare Corporation, 0
C.
Q
Plaintiffs, 6
V.
5
ERNST & YOUNG, LLP, § HARRIS COUNTY, T E X A S
Defendant,
Q
_-_ and----
8
CHAMPION HEALTHCARE
CORPORATION and PARACELSUS 8
HEALTHCARE CORPORATION, P
0
Nominal Defendants. § TH JUDICIAL DISTRICT
1
SlION:
TO THE HONORABLE COURT:
NOW COME James G. Caven and Robert Orovitz, derivatively on behalf of Champion
Healthcare Corporation and Paracelsus Healthcare Corporation, and for their causes of action,
show the following:
u
1. This derivative action arises out of a merger (the "Merger") between Champion
Healthcare Corporation ((i)"Champion") and Paracelsus Healthcare Corporation ("Paracelsus") .
Paracelsus acquired Champion for Paracelsus stock with a purported value of $168 million.
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2
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MEMO AND ORDER
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EXTRACTED KEY WORDS
PARACELSUS DEFENDANT MOTION CONSOLIDATED CLASS ACTION DISMISS CLASS ACTION COMPLAINT COURT UNITED STATES SECURITIES ACT PUBLIC OFFERING DISTRICT COURT PROSPECTUS COMMON STOCK HEALTHCARE MESSENGER DEFENDANT RUSH PLAINTIFFS ALLEGE OWNERSHIP ALLEGATIONS VICE PRESIDENT EXECUTIVE VICE PRESIDENT KRUKEMEYER VANDEVENDER VIOLATION LIABILITY LACK STANDING SOUTHERN DISTRICT HOUSTON DIVISION DEFENDANT ROBERT |
IN THE UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
HOUSTON DIVISION
____________________________
IN RE PARACELSUS CORP., § MASTER FILE NO. H-96-3464 (EW)
SECURITIES LITIGATION § [filed Mar. 6, 1998]
____________________________
MEMORANDUM AND ORDER
Pending are Charles R. Miller's and James G. VanDevender's
Motion to Dismiss Under FED. R. CIV. P. 12(b)(6) (Document No. 67);
Defendant Manfred G. Krukemeyer's Motion to Dismiss Count III of
the Consolidated Class Action Complaint and Joinder in Paracelsus's
Motion to Dismiss that Complaint (Document No. 69), and Paracelsus
Healthcare Corporation's Motion to Dismiss (Document No. 80). In
addition, Defendant Ron J. Messenger has filed his Joinder
(Document No.71) in the Motions to Dismiss filed by Paracelsus, as
to Count I, and by Defendant Robert Joyner1 as to Count III.
Defendant Rush has also filed his Notice of Joinder (Document No.
77) in the Motion to Dismiss filed by Defendant Paracelsus.
Plaintiffs have filed their response to the several motions and,
after careful study of the arguments and authorities presented by
all parties, the Court concludes as follows:
____________________
1 Defendant Robert Joyner's Motion to Dismiss (Document No. 74),
was DENIED as moot after Plaintiffs and Joyner filed a stipulation
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3
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Government Exhibit # 1ST AMENDED DERIVATIVE COMPLAINT
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EXTRACTED KEY WORDS
MERGER PARACELSUS DEFENDANTS PRIOR NET REVENUE DIRECTORS HOSPITALS CASH ACCOUNTING HEALTHCARE MILLER MERGER AGREEMENT COMMON STOCK JAMES MESSENGER PLAINTIFF KRUKEMEYER PARACEKUS SHAREHOLDERS EXECUTIVE VICE NET REVENUE AAD HANCID REPORTING PRACTICES OPERATING CHIEF EXECUTIVE OFFICER CONNECTION RELEVANT TIMES FIDUCIARY DUTIES CONSOLIDATION COMPLAINT |
LJNITED STATES DISTRICT COURT
SOUTHERN DISTRKT OF TEXAS
HOUSTON DMSION
IN RE PARACKLSUS CORP. ) MasterFileNo.
SECuRlTlES LJTIOATION ) H-96-3464 (EW)
1
1
JAMES G. CAVEN, cktitively on khalfof ) FIRST AMFNDED
`Champion Htmhhare Cmpomtion, aDelaware ) COMPLAl[NT FORDAMAGES AND
corporation, and almvely on behalfof ) EOuIT&3LE
himselfand all others similarly situated, 1
1
Plaintiff, 1
V. 1
1
CHARLES R. MZLE& JAMES G. 1 '
VAWEVENDER RONALD R 1
PATIERSON, MANFRED GEORGE 1
KRlJKEMEYEl& R.J. MESSENGER, JAMES )
. _ _ _ -~,~R~SH,.~~~~~-~;-,o--R; -- -1 - - ) - - ". _ I - -
PARACELSUS HEALTHcAREz 1
CORPORAT?ON, a Cnlifomia corporation, )
PARK HOSPITAL GmbH, a German )
corporation, ERNST & YOUNG, and 1
DONALDSON, LUFKCN & JEZNItE=, INC.,) 1
Defmts. 1
1
and ; 1
PARACELSUS HEALTHCARE 1
CORPORATION, a California corpmiion, )
CE+lPIONI-IEALTHCA.RE 1
CORPORATION, a Delaware corporation, ) 1
Nomiml lhfendants. )
1
THIS DOCUMENT RELATES TO: ;
Cavcn v. Miller, No. H-964291
--
DERl-L'-2.C3dP FIRST AMENDED DBUVATIVE COMPLMNr -Mnstcr File Np. H-%-3464 (EW)
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4
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COMPLAINT
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EXTRACTED KEY WORDS
DEFENDANTS PLAINTIFFS SECURITIES MISLEADING CALIFORNIA ACT VIOLATION PARACELSUS STOCK FINANCIAL STATEMENTS DAMAGES COURT HEALTHCARE CORPORATION LAW REGISTRATION STATEMENT MATERIAL FACTS INDIVIDUAL DEFENDANTS LOS ANGELES RECEIVABLES ACCOUNTING INTERNAL CORPORATE DOCUMENTS ADJUSTMENTS COLLECTION EXPENSES PROSPECTUSES CONNECTION MANAGEMENT KAPLAN FOX SAVETT FRUTKIN PODELL SUPERIOR COURT |
MILBERG WEISS BERSHAD
HYNES & LERACH LLP
WILLIAM S. LERACH (68581)
ALAN SCHULMAN (128661)
BLAKE M. HARPER (115756)
600 West Broadway, Suite 1800
San Diego, CA 92101
Telephone: 619/231-1058
KAPLAN, KILSHEIMER & FOX, LLP
ROBERT N. KAPLAN
FREDERIC S. FOX
JONATHAN K. LEVINE
685 Third Avenue, 26th Floor
New York, NY 10017
Telephone: 212/687-1980
SAVETT FRUTKIN PODELL &
RYAN, P.C.
STUART H. SAVETT
BARBARA A. PODELL
320 Walnut Street, Suite 508
Philadelphia, PA 19106
Telephone: 215/923-5400
Attorneys for Plaintiffs
SUPERIOR COURT OF THE STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
RAJESHWAR GAONKAR and THOMAS R. ) Case No. BC158899
BELL, On Behalf of Themselves and ) [filed Oct. 11, 1996]
All Others Similarly Situated, ) CLASS ACTION
)
Plaintiffs, ) COMPLAINT FOR DAMAGES BASED
) UPON:
vs. ) (1) VIOLATIONS OF CAL.
) CORP. CODE §§25400-
DR. MANFRED GEORGE KRUKEMEYER, R.J. ) 25402, 25500-25502;
MESSENGER, JAMES T. RUSH and ) (2) VIOLATIONS OF CAL.
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