1. Home
  2. Browse Decisions
  3. A.3d
  4. 23 A.3d
  5. 23 A.3d 157 (2010)
 

AVETA INC. v. CAVALLIERI

C.A. No. 5074-VCL.

23 A.3d 157 (2010)

AVETA INC., MMM Holdings, Inc., and Preferred Medicare Choice, Inc., Plaintiffs, v. Roberto Bengoa CAVALLIERI, Ramon F. Echeandia Velez, Luis R. Romero Lopez, Oscar Hernandez Lopez, Sonia Cruz Miranda, Fernando Echeandia Fuster, Efrain Torres Castro, Angel B. Malave, Juan R. Iturregui Pagan, Confesor Lasalle Ruiz, Elvin Vigo Paredes, Juan A. Perez Vazquez, Nestor A. Perez, Ramon Echeandia Fuster, Evaristo Quinones, Jose Allende, Jorge Padilla Rodriguez, Luis Rosa Toledo, Mario O. Velez Gonzalez, Elba Velazquez Fraticelli, Maria A. Amezquita, Carlos Lugo Olivieri, Antonio Marerro, Antonio Gonzalez, and Victor L. Delgado Colon, Defendants.

Court of Chancery of Delaware.

Decided: September 20, 2010.

Attorney(s) appearing for the Case

Richard L. Horwitz , Brian C. Ralston , Berton W. Ashman , Ryan W. Browning , Potter Anderson & Corroon LLP, Wilmington, Delaware; Andrew J. Frackman , Kenneth Murata , Peter C. Herrick , O'Melveny & Myers LLP, New York, New York; Attorneys for Plaintiffs Aveta Inc., MMM Holdings, Inc., and Preferred Medicare Choice, Inc.

Michael A. Weidinger , Patricia R. Uhlenbrock , Pinckney, Harris & Weidinger, LLC, Wilmington, Delaware; Attorneys for Defendants Roberto Bengoa Cavallieri, Ramon F. Echeandia Velez, Luis R. Romero Lopez, Oscar Hernandez Lopez, Sonia Cruz Miranda, Fernando Echeandia Fuster, Efrain Torres Castro, Angel B. Malave, Juan R. Iturregui Pagan, Confesor Lasalle Ruiz, Elvin Vigo Paredes, Juan A. Perez Vazquez, Nestor A. Perez, Ramon Echeandia Fuster, Evaristo Quinones, Jose Allende, Jorge Padilla Rodriguez, Luis Rosa Toledo, Mario O. Velez Gonzalez, Elba Velazquez Fraticelli, Maria A. Amezquita, Carlos Lugo Olivieri, Antonio Marerro, Antonio Gonzalez, and Victor L. Delgado Colon.

OPINION

LASTER, Vice Chancellor.

In 2006, Aveta Inc. closed the acquisition of Preferred Medicare Choice Inc. ("PMC"), a Puerto Rico corporation. Aveta purchased PMC's Class A shares from its controlling shareholders for 60.93% of the aggregate consideration, then merged a Puerto Rico acquisition subsidiary into PMC. PMC's non-controlling Class B shares were converted into the right to receive the remaining 39.07% of the consideration. Part of the consideration...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases