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stock of LII. LTL owned all of the stock of GGCL, a subsidiary
of which owned the other 20 percent of LII stock.
On February 9, 1982, LTI and GGCL transferred their LII
stock to LHI, a Delaware corporation. The stock of LII was
publicly traded on the NASDAQ from 1982 to 1987. The public
owned 19 to 24 percent of the stock of LII from 1982 to 1987.
During the years in issue, DeGroote, Haworth, Gowland, and
Murray (and others) were directors of LII. LII's presidents were
Murray from September 1 to October 8, 1985, and Gowland from
October 9, 1985, to August 31, 1988. Haworth was vice president
for finance from September 1, 1987, to August 31, 1988. Cairns
was secretary, vice president, and general counsel from September
1, 1985, to August 31, 1988. Harve A. Ferrill (Ferrill) was a
director of LII from 1982 to 1987. Ferrill had founded a waste
services company (TSI) that LTL bought in 1980. When LII went
public in 1982, DeGroote asked Ferrill to be a director.
LHI merged into LII on December 31, 1987.
b. LWSI
LII owned all of the stock of LWSI during the years in
issue. During the years in issue, LWSI owned all of the common
stock of LWSL, a Canadian corporation. LWSL owned all of the
common stock of Waste Quebec, a Canadian corporation. LWSL and
Waste Quebec were in the solid waste services business in Canada.
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