Plaintiff, Dr. James Fosshage, by his undersigned counsel, Mary Ann Kricko, respectfully submits this memorandum of law in opposition to Defendants’ joint motion to dismiss the complaint (“Complaint”) pursuant to CPLR §§ 3211(a)(1), (3) and (7) (“Motion”).
The Plaintiff also seeks injunctive relief precluding WWWH from voting it’s 25% membership to approve further indebtedness in WWWAsia without first obtaining the necessary written consent required by the preferred stockholders’ protective provisions.
al. v. Think Water Partners, LLC et al. Index 654732/2019 Page 9 of 21 To answer the question of whether a stockholder's claim is direct or derivative, the reviewing court must look to the body of the complaint and consider the nature of the wrong alleged and the relief requested.
The coordination committee, loyal to the Think directors, violated Dr. Fosshage’s protective provisions rights as a preferred stockholder by failing to request his written consent despite committee’s vote of Michael McDonald approving the financing.
Michael McDonald, a proclaimed “Wild Turkey” celebrator when the Fosshage family is mistreated by the Think group and a loyal executive to Prashant Mitta and Ravi Reddy, votes to protective these pre- emptive rights at WWWAsia.