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Court divorce order. The Supreme Court held that Ms. Boyle was
entitled to 120,967.5 Oralco shares.
The reversal of the divorce order became final on March 21,
1994, and on March 22, 1994, Ms. Boyle’s attorney, Jolyon W.
McCamic (Mr. McCamic), filed an application with the Circuit
Court requesting Oralco to transfer an additional 91,694.5 Oralco
shares to Ms. Boyle. Thereafter, on March 24, 1994, petitioner’s
attorney, Herbert Conner (Mr. Conner), wrote a letter to Mr.
Boyle warning him that petitioner would take legal action in the
event of any attempt by Mr. Boyle or Oralco to induce a breach of
contract with respect to Ms. Boyle and petitioner’s Option
Agreement. Thereafter, petitioner on March 24, 1994, filed a
motion to intervene as a plaintiff in the Boyles’ divorce
proceedings.
On March 31, 1994, the Circuit Court issued a Findings and
Divorce Decree (final divorce decree) in the Boyle’s divorce
proceeding: (1) Denying Mr. McCamic’s application for a transfer
of 91,694.5 Oralco’s shares to Ms. Boyle, (2) ordering Mr. Boyle
to transfer 120,967.5 EAC II shares to Ms. Boyle in satisfaction
of her one-half marital rights, (3) ordering Mr. Boyle to cause
Oralco to immediately redeem Ms. Boyle’s newly acquired EAC II
shares for $14,400,000, and (4) ordering Ms. Boyle to transfer
the previously awarded 29,273 Oralco shares back to Mr. Boyle.19
19 Mr. Boyle was also required to hold Ms. Boyle harmless
(continued...)
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