EXHIBIT 99.1
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STATE OF NORTH CAROLINA | | | | IN THE GENERAL COURT OF JUSTICE |
| | | | SUPERIOR COURT DIVISION |
COUNTY OF WAKE | | | | FILE NO.: 07-CVS-20453 |
| | |
DAVID SHAEV PROFIT SHARING | | ) | | |
ACCOUNT F/B/O NORA VIDES, on | | ) | | |
Behalf of Itself and All Others Similarly | | ) | | |
Situated, | | ) | | |
| | ) | | |
Plaintiffs, | | ) | | |
| | ) | | STIPULATION AND ORDER OF |
| | ) | | VOLUNTARY DISMISSAL |
vs. | | ) | | |
| | ) | | |
WASTE INDUSTRIES USA INC., | | ) | | |
LONNIE C. POOLE, JR., JIM W. PERRY, | | ) | | |
PAUL F. HARDIMAN, GLENN E. | | ) | | |
FUTRELL, and JAMES A. WALKER, | | ) | | |
| | ) | | |
Defendants. | | ) | | |
IT IS HEREBY ORDERED, upon the stipulation of counsel for all parties, pursuant to Rules 23(c) and 41 of the North Carolina Rules of Civil Procedure, that the Voluntary Dismissal Without Prejudice filed by Plaintiff on January 31, 2008 is declared moot because a putative class action may not be dismissed without approval of the Court, and that the Complaint in this action is now hereby DIMISSED without prejudice upon the terms and conditions contained in this Stipulation and Order of Voluntary Dismissal.
The Court finds that this class action is in its nascent stage and has not been certified, that the Plaintiff has determined that it does not wish to proceed with this action, and that no putative class member will be prejudiced by the dismissal. The Court further finds that Plaintiff and its counsel have not received any consideration in exchange for this dismissal and that, under the circumstances, no notice to any putative class member is required.
This dismissal is upon the following terms and conditions:
1. Neither the David Shaev Profit Sharing Account, nor any person or entity for whom securities are held in that Account (including but not limited to David Shaev and Nora Vides), will refile in this or any other jurisdiction any lawsuit asserting claims regarding the proposed merger of Waste Industries USA Inc. (“the Proposed Merger”).
2. Except for claims for which federal jurisdiction is exclusive, if any, counsel of record for Plaintiff will not file any claims regarding the Proposed Merger for any member of the putative class in any Court other than the North Carolina Superior Court for Wake County, with a simultaneous Designation as a Mandatory Complex Business Case, unless leave of this Court is first obtained for good cause shown.
3. The parties shall bear their own fees and costs.
This the day of February, 2008.
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| | | | |
| | | | The Honorable John R. Jolly, Jr. |
| | | | Special Superior Court Judge for |
| | | | Complex Business Cases |
CONSENTED TO: | | | | |
| | |
/s/ Fred B. Monroe | | | | /s/ Lee M. Whitman |
Fred B. Monroe, N.C. State Bar No. 23438 | | | | Benjamin N. Thompson, N.C. State Bar No. 9005 |
JAMES, MCELROY AND DIEHL, P.A. | | | | Lee M. Whitman, N.C. State Bar No. 20193 |
600 South College Street, Suite 3000 | | | | Sarah M. Johnson, N.C. State Bar No. 32752 |
Charlotte, North Carolina 28202 | | | | WYRICK ROBBINS YATES & PONTON LLP |
fmonroe@jmdlaw.com | | | | Post Office Drawer 17803 |
| | | | Raleigh, NC 27619 |
Robert I. Harwood | | | | lwhitman@wyrick.com |
HARWOOD FEFFER LLP | | | | bthompson@wyrick.com |
488 Madison Ave., 8th Floor | | | | |
New York, NY 10022 | | | | |
| | | | Attorneys for Defendant Waste Industries USA, Inc. |
Patricia C. Weiser | | | | |
Debra S. Goodman | | | | /s/ Mack Sperling |
Sandra G. Smith | | | | James T. Williams, Jr., N.C. State Bar No. 4758 |
THE WEISER LAW FIRM, PC | | | | Mack Sperling, N.C. State Bar No. 11094 |
121 N. Wayne Avenue, Suite 100 | | | | Benjamin R. Norman, N.C. State Bar No. 32852 |
Wayne, PA 19087 | | | | BROOKS PIERCE MCLENDON HUMPHREY & LEONARD, L.L.P. |
Attorneys for Plaintiff | | | | P.O. Box 26000 |
| | | | Greensboro, North Carolina 27420 |
| | | | Telephone: (336) 373-8850 |
| | | | Fax: (336) 378-1001 |
| | | | jwilliams@brookspierce.com |
| | | | msperling@brookspierce.com |
| | | | bnorman@brookspierce.com |
| | |
| | | | Attorneys for Lonnie C. Poole, Jr. |
| | | | and Jim W. Perry |
|
/s/ David C. Wright, III |
David C. Wright, III, N.C. State Bar No. 11161 |
ROBINSON BRADSHAW & HINSON, P.A. |
101 North Tryon Street, Suite 1900 |
Charlotte, North Carolina 28246 |
Telephone: (704) 377-2536 |
Facsimile: (704) 378-4000 dwright@rbh.com |
Attorneys for Defendants Paul F. Hardiman,
Glenn E. Futrell and James A. Walker