EXHIBIT D
Nancie Potter Arellano, OSB #80152
areln@foster.com
Susan T. Alterman, OSB #87081
altes@foster.com
Foster Pepper & Shefelman LLP
101 S.W. Main Street, Fifteenth Floor
Portland, Oregon 97204-3223
Telephone: (503) 221-0607
Facsimile: (503) 221-1510
Roger D. Mellem, OSB #83134
mellr@foster.com
Foster Pepper & Shefelman PLLC
1111 Third Avenue, Suite 3400
Seattle, Washington 98101-3299
Telephone: (206) 447-8917
Facsimile: (206) 749-1989
Attorneys for Defendants/
Counterclaim and Third-Party Plaintiffs
IN THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF OREGON
STILWELL ASSOCIATES, L.P., suing derivatively )
on behalf of Oregon Trail Financial Corp., )
)
Plaintiff, )
v. )Civil No. CV01-740-JE
)
EDWARD H. ELMS, an individual, OREGON TRAIL FINANCIAL )DEFENDANTS/COUNTERCLAIM
CORP., an Oregon corporation, )PLAINTIFFS AND
)THIRD-PARTY PLAINTIFFS'
Defendants/Counterclaim Plaintiffs and )MOTION TO DISMISS FOR
Third-Party Plaintiffs, )FAILURE TO STATE A CLAIM
v. )UPON WHICH RELIEF CAN
)BE GRANTED
STILWELL ASSOCIATES, L.P., a Delaware limited )(Pursuant to Fed. R.
partnership; JOSEPH STILWELL, an individual; ) Civ. P. 12(b)(6))
STILWELL VALUE PARTNERS II, L.P., a Delaware limited )
partnership; and STILWELL VALUE LLC, a Delaware )
limited liability company, )
)
Counterclaim and Third-Party )
Defendants. )
- - - - -------------------------------------------------------
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LR 7.1 CERTIFICATION
Pursuant to LR 7.1(a)(1), the movants' counsel hereby certifies that the
parties have made a good faith effort to resolve this issue through a telephone
conference but they have been unable to do so.
MOTION
Pursuant to Fed. R. Civ. P. 12(b)(6), Defendants/Counterclaim Plaintiffs
and Third-Party Plaintiffs Edward H. Elms and Oregon Trail Financial Corporation
("OTFC") (jointly, "Defendants") respectfully move the Court for an order
dismissing the Complaint on the ground that it fails to state a claim upon which
relief can be granted.
ISSUES TO BE DECIDED
The issues to be decided are: (1) whether, having demanded that OTFC take
action to remove Mr. Elms from OTFC's Board of Directors, plaintiff has waived
its futility-of-demand argument, thus entitling Mr. Elms to dismissal with
prejudice because now only OTFC can bring an action against him, (2) whether
OTFC is entitled to dismissal due to plaintiff's premature filing of the
complaint and plaintiff's failure (a) to allege that OTFC's refusal to accept
plaintiff's demand was improper and/or (b) to make its allegations with the
particularity required by Fed. R. Civ. P. 23.1 and ORS 60.261(2), and (3)
whether the dismissal of the complaint against OTFC should be with prejudice.
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This motion is supported by the accompanying Memorandum of Law.
Dated: June 26, 2001.
/s/ Susan T. Alterman for
---------------------------------
Nancie Potter Arellano, OSB #80152
Susan T. Alterman, OSB #87081
Foster Pepper & Shefelman LLP
101 S.W. Main Street, Fifteenth Floor
Portland, Oregon 97204-3223
Telephone: (503) 221-0607
Facsimile: (503) 221-1510
Roger D. Mellem, OSB #83134
Foster Pepper & Shefelman PLLC
1111 Third Avenue, Suite 3400
Seattle, Washington 98101-3299
Telephone: (206) 447-8917
Facsimile: (206) 749-1989
Page 3
