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CRANER v GALILEO INTERNATIONAL Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 18,964, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, Plaintiff: CRANER, State: DE Delaware, UniqueCaseRef: DE>CC>00018964, Galileo, Transaction, Public Shareholders, Stock, Common Stock, Fiduciary Duties, Adequate, Proposed Transaction, Damages, Declaring, Cendant, Alleges, Shares, Reasons, Graham, Atkinson, Wim Dik, Mina Gouran, Georges, Schorderet, Kenneth Whipple, Outstanding, Travel, Foregoing, Proper , ContentID: 120246310

Case Documents
1 2001-06-18 CLASS ACTION COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 114971
6 pages
PDF
Total Documents: 1 document , 6 pages
Price: $ 19.95


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1 . CLASS ACTION COMPLAINT

EXTRACTED KEY WORDS
DEFENDANTS
PLAINTIFF
MEMBERS
TRANSACTION
PUBLIC SHAREHOLDERS
STOCK
COMMON STOCK
FIDUCIARY DUTIES
ADEQUATE
PROPOSED TRANSACTION
DAMAGES
DECLARING
CENDANT
ALLEGES
SHARES
COUNSEL
REASONS
GRAHAM
ATKINSON
WIM DIK
MINA GOURAN
GEORGES
SCHORDERET
KENNETH WHIPPLE
ATTORNEY
OUTSTANDING
TRAVEL
FOREGOING
PROPER
              IN THE: COURT OF CHANCERY OF THE STATE OF DELAWARE

                                 IN AND FOR NEW CASTLE COUNTY
-------_----______---~~----------------------~-------"-"--~-------~---- x,.
JASON CRANER, on behalf of himself and
all others similarly situated,                                           i Civil Action No. J %
                                     Plaintiff,
V.

GALILEO INTERNATIONAL, INC.,
MIAO FENG-CHIANG, CHERYL BALLENGER,                                      ;
ANDREW STUDDERT, ANTHONY C. SWANAGAN, :                                               I
GRAHAM W. ATKINSON, WIM DIK, MINA GOURAN, :
GEORGES P. SCHORDERET. KENNETH WHIPPLE.:
JAMES E. BARLETT,                                                                          VI,
                                                                                           `_
                                    Defendants.
_____________________I__________________------"------------------------ i

                                      CLASS ACTION COMPLAINT

                  Plaintiff, by his attorney, alleges upon information and belief except with

respect to him ownership of Galileo International, Inc. ("Galileo" or the "Company")

common stock, which is alleged upon personal knowledge, as follows:

                                                    PARTIES

         1. Plaintiff is the owner of the common stock of defendant Galileo.

         2. Galileo is a Delaware corporation with executive offices at 9700 West

Higgins Road, Rosemont, IL 60018. As of April 30, 2001, there were over 87.5 million

shares of common stock outstanding.

         3. Galileo provides electronic distribution services for the travel industry.

The Company provides travel agencies, as well as subsidiaries with, among other

things, the ability to access schedules and fare information and issue tickets for

airlines.

        4. Defendant Miao Feng-Chiang is a Director of Galileo.



SNIPPETS:
  • Plaintiff, by his attorney, alleges upon information and belief except with
  • respect to him ownership of Galileo International,
  • Plaintiff is the owner of the common stock of defendant Galileo.
  • shares of common stock outstanding.
  • Galileo provides electronic distribution services for the travel industry.
  • Vice-President and General Counsel.
  • Defendant Graham W. Atkinson is a Director of Galileo.
  • Defendant Wim Dik is a Director of Galileo.
  • Defendant Mina Gouran is a Director of Galileo.
  • Defendant Georges P. Schorderet is a Director of Galileo.
  • Defendant Kenneth Whipple is a Director of Galileo.
  • The foregoing individual directors of Galileo (collectively the "Director
  • Defendants") owe fiduciary duties to Galileo and its public shareholders.
  • brought is so numerous that joinder of all class members is impracticable.
  • outstanding owned by shareholders scattered throughout the United States.
  • will be irreparably damaged by the transaction and conduct complained of herein.
  • For the reasons stated herein, a class action is superior to other available
  • On June 18, 2001, it was announced that Cendant would acquire Galileo
  • The proposed transaction is wrongful, unfair and harmful to the Galileo
  • Plaintiff has no adequate remedy at law.
  • (W Declaring that the proposed transaction is unfair, unjiust and inequitable to plaintiff
  • (4 Requiring defendants to compensate plaintiff and the members of the Class for all losses
  • (0 Granting such other and further relief as may be just and proper.
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