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STAVROU v CONTOGOURIS Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 19,615, CourtCode: CC, CourtName: COURT OF CHANCERY, Plaintiff: STAVROU, State: DE Delaware, UniqueCaseRef: DE>CC>00019615, Contogouris, Stavrou, Evidence, Prestige, Brock, Sole, Affidavit, Summary Judgment, Nicholas Stavrou, Dispute, Defense, Spry0, Vassilios, Fees, Ownership, Motion, Owner, Changole, Grandparent, Consent, Zachariou, Complaint, Supporting, Subsidiaries, Faith, Stockholder , ContentID: 120254665

Case Documents
1 2002-10-11 LETTER OPINION
[ see first page and extracted highlights below  ] ItemID: 131675
9 pages
PDF
Total Documents: 1 document , 9 pages
Price: $ 19.95


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1 . LETTER OPINION

EXTRACTED KEY WORDS
STAVROU
COURT
EVIDENCE
PRESTIGE
BROCK
SOLE
AFFIDAVIT
COUNSEL
SUMMARY JUDGMENT
NICHOLAS STAVROU
DISPUTE
DEFENSE
SPRY0
VASSILIOS
FEES
OWNERSHIP
MOTION
OWNER
CHANGOLE
GRANDPARENT
CONSENT
ZACHARIOU
ATTORNEYS
COMPLAINT
SUPPORTING
SUBSIDIARIES
LITIGATION
FAITH
STOCKHOLDER
                                                  COURT OF  CHANCERY
                                                         O F   T H E
                                                  STATE OF  DELAWARE


LEO E.  STRINE,   JR.                                                                              
   V I C E - C H A N C E L L O R                   October  11,2002                          




   Gary F.  Traynor, Esquire                                             Joseph J. Bodnar, Esquire
   Prickett, Jones  & Elliott                                            Walsh Monzack and Monaco,
    1310 King Street, Box 1328                                           1201 N. Grange Street,
   Wilmington, DE 19899                                                  Wilmington, DE 19899-203 1
   Attorneys  for  Plaintiff                                            Attorneys  for  Defendant
   Nicholas Stavrou                                                      spyro Contogouris

   John  I&sane,  Esquire                                               I Richard B. Feldman,
   Watson, Farley  & Williams                                            270 Madison Avenue
    380 Madison Avenue                                                   Suite 1400
   New York, NY 10017                                                    New York, NY 10016
   Attorneys  for  Plaintiff                                             Attorneys  for  Defendant
   Nicholas Stavrou                                                      Spyro Contogrouis


                       Re:          Nicholas Stavrou v.  Spyro Contogouris,
                                    C.A. No. 19615 NC

   Dear Counsel:

                       Plaintiff Nicholas Stavrou brought this action under 8  Del. C.  8 225.

   He sought a determination that he was the duly elected director, president,

    secretary, and treasurer of Prestige Holdings,  Inc. and that defendant

    Spyro C. Contogouris was validly removed as a director and officer of

    Prestige on April  5,2002.

                        Stavrou filed this action in May 2002. The case was set down for an

    expedited trial, which Contogouris avoided by filing a notice of removal of


Nicholas Stavrou v.  Spry0  C. Contogouris
C.A. No. 19615 NC
October  11,2002
SNIPPETS:
  • Dear Counsel:
  • Plaintiff Nicholas Stavrou brought this action under 8 Del.
  • Spyro C. Contogouris was validly removed as a director and officer of
  • Prestige on April 5,2002.
  • Nicholas Stavrou v. Spry0 C. Contogouris C.A.
  • the United States District Court for the
  • Contougoris should submit evidence sufficient to avoid summary judgment
  • or, in the alternative, submit a convincing Rule 56affidavit.
  • On the eve of oral argument and after all briefing on the motion for
  • genuine defense or consent to judgment.
  • someone other than Stavrou controlled the corporate grandparent of Prestige.
  • the complaint, Contogouris left the court with only one issue to decide:
  • litigation warrants fee shifkig.
  • Contogouris advanced a frivolous defense in bad faith.
  • I grant Stavrou's application for attorneys' fees and costs.
  • removal of Contogouris fi-om office at the subsidiaries.
  • Prestige has only one stockholder, Changole
  • Stavrou presented unrebutted evidence demonstrating that Brock is
  • now owned entirely by Vassilios Manios.
  • as the sole owner of Brock after resolving a dispute with his sister Evangelia
  • Constantinou Manios Zachariou over ownership of the
  • Both Vassilios and Zachariou were siblings of the late Dimitri
  • Vassilios is the sole owner of Brock.
  • painstakingly reviewed the abundant evidence supporting Stavrou's position
  •    |