- 20 - The prior pleadings, in turn, allege as to damages that: (1) The conduct of Boesky, Goldman, and others in connection with the recapitalization violated both securities law and RICO; (2) Boesky defrauded petitioner; (3) Boesky induced or participated in a breach of fiduciary duty by Goldman; (4) Boesky wrongfully interfered with petitioner's contractual relationship with Goldman; and (5) Boesky, together with Goldman, misappropriated petitioner's business and proprietary information and wrongfully interfered with its prospective economic relationship with its shareholders.3 The First Amended Complaint alleges (and the other prior pleadings allege similarly) that petitioner’s damages resulting from the illegal conduct of the defendants include that The price of FMC's common stock was wrongfully manipulated, causing FMC to revise its planned recapitalization and pay approximately $220 million more in cash than FMC would have paid for its publicly held common stock, tendered in response to FMC's offer to purchase Old FMC Stock and to sell new FMC stock; * * * Each count of the prior pleadings, with the exception of one count in the Second Amended Complaint, alleges that petitioner’s damages exceeded $235 million. This amount corresponds to the claimed theft loss in that it approximates the sum of the 3 The prior pleadings also allege fraudulent inducement, negligence, breach of fiduciary duty, and breach of contract by Goldman.Page: Previous 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Next
Last modified: May 25, 2011