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BLUE RHINO v PRICEWATERHOUSECOOPERS Click to find out why . . .



Keywords & Phrases
CaseNo: BRVP192231, CourtCode: SU, CourtName: COOK COUNTY SUPERIOR COURT, Plaintiff: BLUE RHINO, State: IL Illinois, UniqueCaseRef: LCD>BRVP192231, Pwc, Blue Rhino, Accounting, Secondary Offering, Filings, Cylinders, Financial Statements, Stock, Bison Valve, North Carolina, Accountants, Cylinder Exchange Service, Market, Registration Statement, S-l Registration Statement, Bison Valve Loan, Blue Rhino Corporation, Pricewaterhousecoopers, Accounting Treatment, Stock Price, Propane Gas Grill, Comfort Letter, Accounting Firm, Principals, Representatives, Underwriters, Consolidating, Houpt, Pederson, Exhibit, Hereto, Custodian, Illinois , ContentID: 120252849

Case Documents
1   DEF PETITION 4 SUB
[ see first page and extracted highlights below  ] ItemID: 128243
3 pages
PDF
2   COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 128242
34 pages
PDF
Total Documents: 2 documents , 37 pages
Price: $ 24.95


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1 . DEF PETITION 4 SUB

EXTRACTED KEY WORDS
NORTH CAROLINA
HOUPT
PEDERSON
DEFENDANT
EXHIBIT
HERETO
CUSTODIAN
ILLINOIS
NORTH CAROLINA ACTION
COURT RULE
SUBPOENA
ILLINOIS SUPREME COURT
PURSUANT
COOK COUNTY
DEPOSITION
REQUESTS
CIRCUIT COURT
COUNSEL
RIDER
WITNESS
COMPLAINT
CLERK
PETITIONS
PRICEWATERHOUSECOOPERS
PENDING
PROPOSED ORDER
CONVENIENCE
WHEREFORE
RIDER THERETO
                                                                                              -  +
                                                                             \  525%
            IN THE NAME OF THE PEOPLE OF THE STATE  OF                                             
                                                                                               *;3


               IN THE  CIRCUIT  COURT  OF COOK  COUNTY,


BLUE RHINO CORPORATION,                         )
                                                1
                         Plaintiff,             1 1  Case No.
               V.                               1       (For Case No. 99CVS 9706, pending
PRICEWATERHOUSE COOPERS, L.L.P.  )                      in the General Court
                                                )       Court Division, Fors
                         Defendant.             )       North Carolina)
                                                                                 SUBFOEMA
                              DEFENDANT'S PETITION  FOR  THE
                           ISSUANCE  OF A SUBPOENA FOR  A CASE
                      PENDING IN A FOREIGN STATE PURSUANT  TO
                           ILLINOIS  SUPFWME  COURT  RULE 2041b)

               Defendant, PriceWaterhouseCoopers, L.L.P., by and through its attorneys, Schiff

Hardin & Waite, hereby respectfully petitions this court, pursuant to Illinois Supreme Court Rule

204(b), to order the Clerk of the Circuit Court of Cook County to issue a Subpoena to the Custodian

of Records of Pederson & Houpt, P.C. In support of this Petition, Defendant states as follows:

               1.        Plaintiff has filed a Complaint in the General Court of Justice, Superior

Division, Forsyth County, North Carolina, entitled Blue Rhino COT. v. PriceWaterhouseCoopers,
..I
L L P  Case No. 99 CVS 9706 (the "North Carolina Action"). A copy of the Complaint is attached

hereto as Exhibit A.

               2.        Defendant has answered Plaintiffs Complaint.

               3.        Defendant seeks to subpoena certain records and testimony from a material

witness in the North Carolina Action.  That witness is the Custodian of Records of Pederson &

Houpt, P.C.  The  Custodian of  Records of  Pederson & Houpt, P.C. has  material  information

regarding the issues in dispute in the North Carolina Action.  Pederson & Houpt, P.C. is located at

161 N. Clark Street, Suite 3 100, Chicago, Illinois  60601.  Defendant will request in its subpoena
SNIPPETS:
  • IN THE CIRCUIT COURT OF COOK COUNTY,
  • ISSUANCE OF A SUBPOENA FOR A CASE
  • PENDING IN A FOREIGN STATE PURSUANT TO
  • Hardin & Waite, hereby respectfully petitions this court, pursuant to Illinois Supreme Court
  • to order the Clerk of the Circuit Court of Cook County to issue a Subpoena to the Custodian
  • of Records of Pederson & Houpt, P.C. In support of this Petition, Defendant states as follows:
  • Division, Forsyth County, North Carolina, entitled Blue Rhino COT.
  • PriceWaterhouseCoopers,
  • That witness is the Custodian of Records of Pederson &
  • Houpt, P.C. The Custodian of Records of Pederson & Houpt, P.C. has material information
  • regarding the issues in dispute in the North Carolina Action.
  • I that the Custodian of Records of Pederson & Houpt, P.C. produce certain documents in its
  • described with particularity in the Rider to Subpoena, a copy of which is attached hereto as
  • deposition in this state in any action pending in a court of North Carolina.
  • the Rider thereto.
  • WHEREFORE, Defendant respectfully requests the Court, pursuant to Supreme
  • the convenience of the Court, a proposed order is attached hereto as Exhibit F.
  • Of Counsel:

  • 2 . COMPLAINT

    EXTRACTED KEY WORDS
    BLUE RHINO
    ACCOUNTING
    PLAINTIFF
    DEFENDANT
    BUSINESS
    SECONDARY OFFERING
    FILINGS
    CYLINDERS
    FINANCIAL STATEMENTS
    STOCK
    BISON VALVE
    ACCOUNTANTS
    CYLINDER EXCHANGE SERVICE
    MARKET
    REGISTRATION STATEMENT
    NORTH CAROLINA
    S-L REGISTRATION STATEMENT
    BISON VALVE LOAN
    BLUE RHINO CORPORATION
    PRICEWATERHOUSECOOPERS
    ACCOUNTING TREATMENT
    STOCK PRICE
    PROPANE GAS GRILL
    COMFORT LETTER
    ACCOUNTING FIRM
    PRINCIPALS
    REPRESENTATIVES
    UNDERWRITERS
    CONSOLIDATING
    
    NORTH  CAROLINA                     )      ::  :  --: i `:                  IN  THE  GENERAL  COURT
                                        >                                             SUPERIOR  COURT 
    FORSYTH  COUNTY                  :` :):.._I;  -  7         j i :  ;; 7                  99 cvs    
    
                                                                   .J . .._
                                                                         . 2.
    
    
                                                                                >
    BLUE  RHINO  CORPORATION,                                                   >
                                                                                >
             Plaintiff,                                                         >             COMPLAINT
                                                                                >         (Jury  Trial 
    V.                                                                          >
    
                                                                                >
    PRICEWATERHOUSECOOPERS,                        L.L.P.,                      )
                                                                                >
             Defendant.                                                         1
    
    
    
    
             Plaintiff,  complaining  of  the  defendant,  alleges  and  says:
    
                                                           THE  PARTIES
    
                                                                       1.
    
              Blue  Rhino  Corporation  ("the  Company"  or  "Blue  Rhino")  is a Delaware  Corporation
    
    having  its principal  office  and  place  of  business  in  Winston-Salem,  North  Carolina.  The
    
    Company  is a public  corporation,  and  at all  times  complained  of  herein,  it was  in  the 
    
    providing  propane  gas grill  cylinder  exchange  service  to  its  customers.
    
                                                                      2.
    
             The  defendant,  PricewaterhouseCodpers,  L.L.P.  ("PwC,"  or  "defendant"),  is a limited
    
    liability  partnership  registered  in  the  State  of  North  Carolina.  The  residence  of
    
    PricewaterhouseCoopers        is the  residence  of  each  of  its partners.  One  or  more  of 
    
    residents  of  the  State  of  North  Carolina,  and  therefore,  PwC  is a resident  of  the 
    
    Carolina.  At  all  times  complained  of  herein,  PricewaterhouseCoopers  was an  auditing  and
    
    
    SNIPPETS:
  • Plaintiff, complaining of the defendant, alleges and says:
  • Blue Rhino Corporation is a Delaware Corporation
  • having its principal office and place of business in Winston-Salem, North Carolina.
  • providing propane gas grill cylinder exchange service to its customers.
  • At all times complained of herein, PricewaterhouseCoopers was an auditing and
  • accounting firm doing business in North Carolina, and it held itself out to the public and to
  • accounting and auditing issues related to filings by public corporations with the Securities
  • accounting firm of Coopers & Lybrand to serve as its accountants and auditors.
  • where customers bring empty cylinders and exchange them for full ones.
  • The Company's stock was then listed on the NASDAQ National Market and is now
  • Bison Valve, L.L.C..
  • The Bison Valve overfill prevention device received its first approval from Underwriters
  • arranged to coincide with the secondary offering planned for February 1999.
  • PwC prescribed and advised this procedure, and in reliance thereon, the Company
  • Four principals of Blue Rhino then formed USA
  • Such treatment of the USA Leasing financial statements and the Bison Valve loan matter
  • accountants reaffirmed to the Company, its representatives, the underwriters, and the
  • PwC prescribed the accounting treatment of the Bison Valve loan in eight different
  • the S-l registration statement filed in connection with the Company's initial public
  • the S- 1 Registration Statement for a shelf offering filed on September
  • accounting treatment of not consolidating the USA Leasing numbers.
  • Blue Rhino had every reason to anticipate that the stock price would increase due to the high
  • Without the comfort letter, the offering could not
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