LegalCaseDocs.com
shopping cart  
  |     
Search
 

 
New Visitors


 VeriSign Secure Site

 Get Adobe Reader

COOTES DRIVE v CARR Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 18,942, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, Plaintiff: COOTES DRIVE, State: DE Delaware, UniqueCaseRef: DE>CC>00018942, Ill, Stock, Common, Carr, Cootes, Price, Delaware, Del, Ill Common, Convertible Notes, Motion, Loans, County, Thayer, Hoaglund, Roberts, Fiduciary Duty Claims, Kirker, Operative Facts, Demand, Preferred Stock, Shares, Complaint, Derivative Claims, Stock Purchase Agreement, Conversion Price, Repayment, Texas Action, York, Fiduciary Duties, Individual Defendants, Cootes Drive Llc, Nominal Defendant, Directors, Registration Rights Agreement, Discounted Price, Preferred Stockholder, American Power , ContentID: 120246320

Case Documents
1 2001-12-03 PLAINTIFFS ANSWERING BRIEF IN OPPOSITION TO MOTION TO DISMISS AND/OR STAY
[ see first page and extracted highlights below  ] ItemID: 127067
27 pages
PDF
2 2001-11-02 DEFENDANTS OPENING BRIEF IN SUPPORT OF MOTION TO DISMISS OR STAY
[ see first page and extracted highlights below  ] ItemID: 127068
19 pages
PDF
3 2001-06-07 AMENDED COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 114981
16 pages
PDF
4 2001-06-01 COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 114982
16 pages
PDF
Total Documents: 4 documents , 78 pages
Price: $ 34.95


IVESLCD01 KGI0001
 
 

 Forgot your password?


1 . PLAINTIFFS ANSWERING BRIEF IN OPPOSITION TO MOTION TO DISMISS AND/OR STAY

EXTRACTED KEY WORDS
DEFENDANTS
PLAINTIFF
DEL
CONVERTIBLE NOTES
COMMON
FIDUCIARY DUTY CLAIMS
COURT
OPERATIVE FACTS
MOTION
STOCK
DELAWARE
DERIVATIVE CLAIMS
COMPLAINT
PREFERRED STOCK
COUNTY
FIDUCIARY DUTIES
PREFERRED STOCKHOLDER
AMERICAN POWER
TEXAS ACTION
SELECTION CLAUSE
PURCHASE AGREEMENT
CONVERSION
DOB
AUTHORITIES
ADIRONDACK
SHAREHOLDERS
JURISDICTION
LOWEST PRICE
COOTES DRIVE LLC
                IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

                           IN AND FOR NEW CASTLE COUNTY

COOTES DRIVE LLC., Individually :
and derivatively on behalf of
Internet Law Library,                                   C.A. No. 18942

          Plaintiff,

          V.

HUNTER M.A. CARR, EUGENE A                   :
CERNAN, W. ALLYN
HOAGLUND, KELLEY V.
KIRKER, GEORGE A. ROBERTS,                   :
W. PAUL THAYER, DAVID P.                     :
HARRIMAN, and INTERNET                       :
LAW LIBRARY, INC., a Delaware                :
corporation as nominal defendant,            :

          Defendants.



                   PLAINTIFF'S ANSWERING BRIEF IN OPPOSITION
                 TO DEFENDANTS' MOTION TO DISMISS AND/OR STAY


                                       PRICKETT, JONES  & ELLIOTT
                                       Elizabeth M. McGeever
                                       Paul A. Fioravanti, Jr.
                                       1310 King Street
                                       Wilmington, DE 19801
                                       (302) 8886500
                                       Attorneys for Plaintiff



Dated:             December 3, 2001



                                             TABLE OF CONTENTS

                                                                                                   

TABLE OF CONTENTS
TABLE OF AUTHORITIES
SNIPPETS:
  • IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
  • IN AND FOR NEW CASTLE COUNTY
  • COOTES DRIVE LLC., Individually:
  • Plaintiff,
  • TO DEFENDANTS' MOTION TO DISMISS AND/OR STAY
  • The Issuance of the Convertible Notes
  • Lend the Money Back to ILL
  • THE MOTION TO DISMISS SHOULD BE DENIED BECAUSE THE COMPLAINT STATES INDIVIDUAL AND DERIVATIVE
  • OF FIDUCIARY DUTIES
  • Defendants' Authorities are Inopposite
  • Plaintiffs Fiduciary Duty Claims Are Not Subject to the Forum
  • Selection Clause
  • The Claims Are Not Identical and Do Not Arise from a Common
  • Adirondack GP.
  • Inc. v. American Power Corp.,
  • 22 Behrens v. Aerial Communications Inc., Del.
  • 20 In re IBP, Inc. Shareholders Litig., Del.

  • 2 . DEFENDANTS OPENING BRIEF IN SUPPORT OF MOTION TO DISMISS OR STAY

    EXTRACTED KEY WORDS
    DELAWARE
    DEFENDANTS
    COURT
    MOTION
    COUNTY
    STOCK PURCHASE AGREEMENT
    YORK
    INDIVIDUAL DEFENDANTS
    PLAINTIFF
    REGISTRATION RIGHTS AGREEMENT
    TEXAS ACTION
    DEL
    FIDUCIARY DUTY
    FORUM SELECTION CLAUSE
    HARRIS COUNTY ACTION
    TRANSACTIONS
    NOMINAL DEFENDANT
    COMPLAINT
    BAYARD FIRM
    DELAWARE AVENUE
    WILMINGTON
    ATTORNEYS
    COMMON STOCK
    PREFERRED STOCK
    LOAN TRANSACTIONS
    DIRECTORS
    AFFILIATES
    COOTES DRIVE LLC
    TRANSFERRED TEXAS ACTION
    
             IN THE COURT OF CHANCERY OF THE STATE OF DELA
    
                             IN AND FOR NEW CASTLE COUNTY
    
    
    COOTES DRIVE LLC, Individually
    and derivatively on behalf of
    Internet Law Library, Inc.,
                                               1
                            Plaintiff,         1
    
            V.                                 i       C.A. No. 18942-NC
    
    HUNTER M.A. CARR, EUGENE A.                1
    CERNAN, W. ALLYN HOAGLUND,
    KELLEY V. KJRKER, GEORGE A.                ;
    ROBERTS, W. PAUL THAYER,                   >                                      .:n
    DAVID  P. HARRIMAN and                     1
    INTERNET LAW LIBRARY, INC.,                1                                  `1 ,.
    a Delaware corporation as nominal          )                                   I.`:
    defendant,                                 1                                  ,: J
    
                            Defendants.
    
    
    
                                DEFENDANTS' OPENING BRIEF
                  IN SUPPORT OF THEIR MOTION TO DISMISS OR STAY
                                                                 -~
    
    
    
    
    
    THE BAYARD FIRM                            BOUCHARD MARCXJLES  & FRIEDLANDER
    Kurt M. Heyman                             David J. Margules
    Patricia L. Enerio                         Joanne P. Pinckney
    222 Delaware Avenue, Suite 900             222 Delaware Avenue, Suite 1102
    P.O. Box 25130                             Wilmington, DE 19801
    Wilmington, DE 19899                       (302) 573-3500
    (302) 655-5000                             Attorneys for Nominal Defendant
    Attorneys for the Individual Defendants    Internet Law Library, Inc.
    
    
    
    Dated: November  2,200l
    
    
    
    
    SNIPPETS:
  • IN THE COURT OF CHANCERY OF THE STATE OF DELA
  • IN AND FOR NEW CASTLE COUNTY
  • COOTES DRIVE LLC, Individually and derivatively on behalf of Internet Law Library, Inc.,
  • Plaintiff, 1
  • DEFENDANTS' OPENING BRIEF
  • THE BAYARD FIRM
  • Joanne P. Pinckney 222 Delaware Avenue, Suite 900 222 Delaware Avenue, Suite 1102 P.O. Box
  • Wilmington, DE 19801 Wilmington, DE 19899
  • Attorneys for Nominal Defendant Attorneys for the Individual Defendants Internet Law Library,
  • The Stock Purchase Agreement and the Registration Rights
  • The Texas Action is Transferred to New York _....
  • The Motion to Enjoin t!le Harris County Action..
  • ANY RIGHTS COOTES HAS RELATING TO THE
  • TRANSACTIONS
  • Abt v. Harmony Mill, L.P., Del.

  • 3 . AMENDED COMPLAINT

    EXTRACTED KEY WORDS
    ILL
    ILL COMMON
    CARR
    DEFENDANTS
    LOANS
    HOAGLUND
    ROBERTS
    PRICE
    PLAINTIFF
    THAYER
    KIRKER
    LAW
    DEMAND
    SHARES
    CONVERSION PRICE
    REPAYMENT
    ACCORDING
    PREFERRED STOCK
    DISCOUNTED PRICES
    DIRECTORS
    LOWEST PRICE
    OWNERSHIP
    COOTES DRIVE LLC
    DELAWARE CORPORATION
    NOMINAL DEFENDANT
    ATTORNEYS
    ELECTRONIC PUBLISHING SERVICES
    USURIOUS LOANS
    LEND MONEY
    
              IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
    
                             IN AND FOR NEW CASTLE COUNTY
    
    COOTES DRIVE LLC., Individually :
    and derivatively on behalf of
    Internet Law Library,
    
            Plaintiff,
                                                     C.A. No. 18942
            V.
    
    HUNTER M.A. CARR, EUGENE A
    CE:RNAN, W. ALLYN
    HOAGLUND, KELLEY V.
    KIRKER, GEORGE A. ROBERTS,
    W. PAUL THAYER, DAVID P.
    HARRIMAN, and INTERNET
    LAW LIBRARY, INC., a Delaware
    corporation as nominal defendant.
    
            Defendants.
    
    
                                  AMENDED COMPLAINT
    
             Plaintiff, Cootes Drive, LLC ("Cootes Drive or plaintiff'), by and through its
    
    attorneys, Prickett, Jones  & Elliott, for its Complaint against the defendants,
    
    alleges as follows:
    
                                   Summary Of This Action
    
             1. Internet Law Library Inc. (the "Company or ILL") is an  internet
    
    company that provides electronic publishing services and database content through
    
    CD-Rom media and Internet sites. Defendants are engaged in a scheme to siphon
    
    the Company's equity through a series of self-interested and usurious loans. The
    
    1oa:ns  give insiders who lend money the right to demand repayment in ILL common
    
    
    
    17865.1\138192vl
    
    
    
    SNIPPETS:
  • COOTES DRIVE LLC., Individually: and derivatively on behalf of Internet Law Library,
  • LAW LIBRARY, INC., a Delaware corporation as nominal defendant.
  • Plaintiff, Cootes Drive, LLC, by and through its
  • attorneys, Prickett, Jones & Elliott, for its Complaint against the defendants,
  • Internet Law Library Inc. (the "Company or ILL") is an internet
  • company that provides electronic publishing services and database content through
  • the Company's equity through a series of self-interested and usurious loans.
  • 1oa:ns give insiders who lend money the right to demand repayment in ILL common
  • stock at a discounted price based on the lowest price at which ILL has sold its
  • common stock during the prior one-year period.
  • Accordingly, the directors who lend
  • Convertible Preferred Stock.
  • 2000 when it purchased 300 shares for $3 million.
  • Preferred Stock is convertible into ILL common stock based on the lower of
  • According to ILL's Form 10-K the year ended December 31,
  • 10-K"), as of April 12, 2001, Carr beneficially owned 16,777,281 shares of
  • of April 12, 2001, Kirker owned 1,701,500 shares of ILL common stock.
  • inaccurate because, under the federal securities laws, Thayer is considered the
  • According to the 2000 10-K, as of April 17, 2001 Hoaglund
  • inaccurate because, under the federal securities laws, Roberts is considered the
  • ILL executed demand notes bearing interest at the rate of prime plus 2% per year
  • In exchange for these loans,
  • not give Carr the right to demand repayment in ILL common stock.
  • the option of having the notes repaid in common stock of ILL at discounted prices
  • of the notes he held as of May 11, 2001, at a conversion price of $.16 (the price at
  • loans to the Company so that Carr can increase his share ownership to an absolute

  • 4 . COMPLAINT

    EXTRACTED KEY WORDS
    ILL
    PRICE
    COMMON
    DEFENDANTS
    CARR
    LOANS
    THAYER
    HOAGLUND
    ROBERTS
    KIRKER
    DEMAND
    PLAINTIFF
    SHARES
    DISCOUNTED PRICE
    CONVERSION PRICE
    REPAYMENT
    ACCORDING
    DIRECTORS
    HARRIMAN
    RELEVANT TIMES
    PREFERRED STOCK
    COOTES DRIVE LLC
    DELAWARE CORPORATION
    NOMINAL DEFENDANT
    ATTORNEYS
    PRICKETT
    USURIOUS LOANS
    INSIDERS
    LEND MONEY
    
                                                                                  r',.             ".,
                                                                            ::      2       I;;
                                                                             .d&   i&`Q@L~,
                                                                                                       
    
                   IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE:                                  
    
                             IN AND FOR NEW CASTLE COUNTY
    
    COOTES DRIVE LLC., Individually
    and derivatively on behalf of
    Internet Law Library,
    
             Plaintiff,
    
             V.
    
    HUNTER M.A. CARR, EUGENE A
    CERNAN, W. ALLYN
    HOAGLUND, KELLEY V.
    KIRKER, GEORGE A. ROBERTS,
    DONALD W. SA.PAUGH, W. PAUL
    THAYER, DAVID P. HARRIMAN,
    and INTERNET LAW LIBRARY,
    INC., a Delaware corporation as
    nominal defendant.
    
             Defendants.
    
    
                                          COMPLAINT
    
             Plaintiff, Cootes Drive, LLC ("Cootes Drive or  pl.ainti.ff"), by and through its
    
    attorneys, Prickett, Jones  & Elliott, for its Complaint against the defendants,
    
    alleges as follows:
    
                                   Summary Of This Action.
    
             1. Internet Law Library  1:nc. (the "Company or ILL") is an  internet
    
    company that provides electronic publishing services and database content through
    
    CD-Rom media and Internet sites. Defendants are engaged in a scheme to siphon
    
    the Company's equity through a series of self-interested and usurious loans. The
    
    loans give insiders who lend money the right to demand repayment in ILL (common
    
    SNIPPETS:
  • COOTES DRIVE LLC., Individually and derivatively on behalf of Internet Law Library,
  • and INTERNET LAW LIBRARY, INC., a Delaware corporation as nominal defendant.
  • Plaintiff, Cootes Drive, LLC, by and through its
  • attorneys, Prickett, Jones & Elliott, for its Complaint against the defendants,
  • (the "Company or ILL")
  • the Company's equity through a series of self-interested and usurious loans.
  • loans give insiders who lend money the right to demand repayment in ILL (common
  • stock at a discounted price based on the lowest price at which ILL has sold its
  • common stock du.ring the prior one-year period.
  • Accordingly, the directors who lend
  • At all relevant times, Cootes Drive has owned shares of ILL's 5% Series A
  • Preferred Stock in May, 2000 when it purchased 300 shares for $3 million.
  • According to ILL's Form 10-K tloe year ended December 31,
  • 10-K"), as of April 12, 2001, Carr beneficially owned 16,77'7,281 shares of
  • of April 12, 200'1, Kirker owned 1,701,500 shares of I.LL common stock.
  • Defendant David P. Harriman at a11 relevant times was a
  • Defendant W. Paul Thayer at all relevant times was a
  • Defendant W. Allyn Hoaglund at all relevant times was a
  • Defendant George A. Roberts at all relevant times was a
  • ILL executed demand notes bearing interest at the rate of prime plus 2% per year
  • not give Carr the right to demand repayment in ILL common stock.
  • of the notes he held as of May 111, 2001, at a conversion price of 1b.16 (the price at
  • E. An award of attorneys fees and expenses;
  •    |