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SZETO v SCHIFFER Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 12,934, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY O F THE STATE OF DELAWARE, Plaintiff: SZETO, State: DE Delaware, UniqueCaseRef: DE>CC>00012934, Discovery, Motion, Dismiss, Demand, Del, Phoenix, Pending, Pre-suit Demand, Complaint, Directors, Committee, Esquire, Individual Defendants, Protects, Suit, Well-plead Allegations, Supr, Chancery, Alleges, Failure, Discretion, Aml, Violation, Stockholder, Authority, Letters, Response , ContentID: 120246290

Case Documents
1 1993-11-24 MEMORANDUM OPINION
[ see first page and extracted highlights below  ] ItemID: 114944
8 pages
PDF
Total Documents: 1 document , 8 pages
Price: $ 19.95


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1 . MEMORANDUM OPINION

EXTRACTED KEY WORDS
MOTION
DEFENDANTS
DISMISS
DEMAND
DEL
COURT
PLAINTIFF
PHOENIX
PENDING
PRE-SUIT DEMAND
COMPLAINT
DIRECTORS
COMMITTEE
ESQUIRE
INDIVIDUAL DEFENDANTS
PROTECTS
SUIT
WELL-PLEAD ALLEGATIONS
SUPR
CHANCERY
ALLEGES
FAILURE
DISCRETION
AML
VIOLATION
STOCKHOLDER
AUTHORITY
LETTERS
RESPONSE
        IN THE COURT OF CHANCERY O F  THE STATE OF DELAWARE
                     IN AND FOR NEW CASTLE COUNTY


BERNARD SZETO,
                  Plaintiff,          i
          V.
                                      ;
STEVEN SCHIFFER, JONATHAN
SOLOW, JOANN R. SCHULTZ,              ; Civil Action No. 12,934
JOHN K. VYDEN, PHOENIX LASER
SYSTEMS, INC., a Delaware             ;
Corporation, ADVANCED MEDICAL
LASERS, INC., a Delaware Corpora- !
tion and OPTRONICS TECHNOLOGIES,      1
INC., a Delaware Corporation,         )
                  Defendants.         ;

                           MEMORANDUM OPINION
                       Submitted: May 17, 1993
                      Decided: November 24:, 1993
          ON DEFENDANTS' MOTION FOR A PROTECTIVE ORDER
                     TO STAY DISCOVERY: GRANTED.

Robert K. Payson, Esquire, Donald J. Wolfe, Jr., Esquire, and
     Stephen C. Norman, Esquire, POTTER ANDERSON & CORROON,
     Wilmington, DE 19899-0951; OF COUNSEL: Alan H. Kaufman,
     Esquire, Pamela E. Berman, Esquire, and Robert M. Buchanan,
     Jr., Esquire, CHOATE, HALL, 6r STEWART, Boston, MA 02109,
     Attorneys for the Plaintiff
Gregory V. Varallo, Esquire, Lisa A. Paolini, Esquire, and
     Matthew E. Fischer, Esquire, RICHARDS, LAYTON & FINGER,
     Wilmington, DE 19899-0551, Attorneys for the Individual
     Phoenix Defendants
Steven J. Balick, Esquire, ASHBY (ir GEDDES, Wilmington, DE 19899-
     1150, Attorneys for Defendant Phoenix Laser Systems, Inc.


HARTNETT, Vice Chancellor



       Defendants' Motion For a Protective Order To Stay Discovery
pending this Court's ruling on Defendants' Motion To Dismiss for
failure of plaintiff to have made a pre-suit demand pursuant to
Chancery Rule 23.1 is, in  this Court's discretion, granted.



SNIPPETS:
  • JOHN K. VYDEN, PHOENIX LASER
  • ON DEFENDANTS' MOTION FOR A PROTECTIVE ORDER
  • Defendants' Motion For a Protective Order To Stay Discovery pending this Court's ruling on
  • This suit challenges an alleged improper transfer of all or substantially all of the assets
  • The complaint also alleges unlawful entrenchment of Phoenix's individual directors (the
  • At the April 23 board meeting, the defendants allegedly appointed an Jndependent Committee to
  • Because the pending motion to dismiss must be decided solely upon the well-plead allegations
  • It is well-settled that application of the discovery rules is subject to the exercise of
  • Supr., 517 A.2d 1056, 1061 (19861, citinq Dann v. Chrvsler Co=, Del.
  • In a case where a pre-suit demand is made, however, discovery is less likely to be allowed
  • In the present case, plaintiff sent two pre-suit demand letters to the defendants on March 29
  • The defendants' reliance upon Kavlan is misplaced, however; In KaDlan, the SLC, after being
  • Delaware law is quite strict as to the application of Chancery Rule 23.1 If a pre-suit demand
  • After a plaintiff makes a pre-suit demand, thereby conceding that a presuit demand would not
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