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IN THE CHANCERY COURT OF THE _________ JUDICIAL
DISTRICT OF ________________ COUNTY, _________________
NAME OF PLAINTIFF )
)
)
V. ) NO.
)
)
NAME OF DEFENDANT )
)
)
COMPLAINT FOR TEMPORARY RESTRAINING ORDER,
PRELIMINARY INJUNCTION AND PERMANENT INJUNCTION
COMES NOW, __________ Plaintiff in the above styled and numbered proceeding, by
and through counsel, and files this its Complaint for a Temporary Restraining Order,
Preliminary Injunction and Permanent Injunction, pursuant to Rule ____ of the __________
Rules of Civil Procedure and in support thereof would show as follows:
1. Plaintiffs filed their Complaint against Defendants, __________, on ___________ _________
seeking a temporary restraining order, preliminary injunction, appointment of a receiver and
other relief, which Complaint is incorporated herein by reference for all purposes.
2. As set forth in the Complaint, __________ will also suffer immediate irreparable and
substantial harm and injury if he is required to either accept or reject __________ offer to sell
his stock in __________ at "book value" on or before ___________ _______, without "book
value" having been determined. As a result, __________ is entitled to have the _____ day
option period tolled until this Court can determine the date on which the option period begins to
run.
3. Also, Defendants are in control of the Company and have acted, are acting and/or will act in a
manner that is illegal, oppressive and or fraudulent. Moreover, __________ reasonably believes
that Defendants have caused the Company's assets to be misapplied or wasted. __________ is
also reasonably informed and believes that Defendants have or intend to (i) distribute the profits
of the Company to __________ to the exclusion of __________ (ii) give excessive and
unwarranted bonuses to __________ and other employees, (iii) take other acts to dilute the value
of the Company and (iv) act in a manner that is illegal, oppressive and or fraudulent, all without
any legitimate business purpose and to the detriment of __________. Without the assistance of
this Court, __________ will suffer immediate irreparable and substantial harm and injury as a
result of the deliberate and wilful actions of Defendants.
4. Plaintiff's attorney has made reasonable efforts to notify Defendant of the filing of this
Complaint and the hearing scheduled on Plaintiff's request for a temporary restraining order, for
_______ p.m. on _________, ________ at the __________ County Courthouse, __________,
__________. In support of this motion, attached hereto as Exhibit "A" which is incorporated
herein by reference for all purposes is the Affidavit of Plaintiff's counsel, __________.
WHEREFORE, PREMISES CONSIDERED, Plaintiffs pray for a temporary restraining
order and preliminary injunction prohibiting Defendants, __________ from (i) selling the stock
of the Company owned by __________ or issuing new stock, (ii) distributing any profits, (ii)
declaring or paying dividends, (iii) declaring or paying any bonuses, (iv) using any of the
Company's funds to pay Defendants attorney fees or other costs associated with defending this
suit, (v) taking any actions that would adversely affect book value of the Company, (vi) taking
any action or inaction detrimental to the Company or __________ interest therein and ordering
that (i) the running of the _____ day option period be tolled and (ii) Defendants preserve and
protect the assets of the Company pending the full adjudication of this cause.
In the alternative, Plaintiffs pray that this Court will immediately appoint disinterested
third party as receiver or custodian pendente lite, pursuant to __________. Code Ann.
§__________, with all powers and duties as this Court may direct in order to preserve the
corporate assets and carry on the Company's business until this matter can be fully adjudicated.
Plaintiffs further pray for such other general or specific relief as may be proper in the
premises.
Respectfully submitted,
_____________________________
By: __________________________
__________
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FAQs
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