Exhibit 99.1
| GRANTED | |||||
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE | ||||||
GERALD LOVOI, | ) | |||
) | ||||
Plaintiff, | ) | |||
) | ||||
v. | ) | |||
) | ||||
VIACOMCBS INC., SHARI E. | ) | |||
REDSTONE, ROBERT M. BAKISH, | ) | |||
CANDACE K. BEINECKE, BARBARA M. | ) | C.A. No. 2020-0987-SG | ||
BYRNE, BRIAN GOLDNER, LINDA M. | ) | |||
GRIEGO, ROBERT N. KLIEGER, JUDITH | ) | |||
A. MCHALE, RONALD L. NELSON, | ) | |||
CHARLES E. PHILLIPS, JR., SUSAN | ) | |||
SCHUMAN, NICOLE SELIGMAN, AND | ) | |||
FREDERICK O. TERRELL, | ) | |||
) | ||||
Defendants. | ) |
NOTICE AND [PROPOSED] ORDER VOLUNTARILY DISMISSING THE
ACTION AS MOOT AND RETAINING JURISDICTION TO DETERMINE
PLAINTIFF’S COUNSEL’S APPLICATION FOR AN AWARD OF
ATTORNEYS’ FEES & REIMBURSEMENT OF EXPENSES
PLEASE TAKE NOTICE that pursuant to Delaware Court of Chancery Rules 41(a), 23(e), and 23.1(c), Plaintiff Gerald Lovoi (“Plaintiff”) hereby voluntarily dismisses without prejudice all claims as set forth in the above action (the “Action”), including the claims set forth in Plaintiff’s Verified Class Action Complaint, subject to approval of the Court. No compensation in any form has passed directly or indirectly from any of the defendants in the Action to Plaintiff or Plaintiff’s attorneys in this Action, and no promise to give any such compensation
has been made. Plaintiff requests that the Court retain jurisdiction of this Action solely for the purpose of adjudicating Plaintiff’s counsel’s anticipated application for an award of attorneys’ fees and reimbursement of expenses (the “Fee and Expense Application”) in connection with mooted claims asserted by Plaintiff in the Action.
IT IS HEREBY ORDERED THAT:
1. The Action is dismissed, and all claims asserted therein are dismissed without prejudice as to Plaintiff and without prejudice as to any actual or potential claims of any other members of the putative class.
2. Because no compensation in any form has passed directly or indirectly to Plaintiff or his attorneys in this Action and no promise to give any such compensation has been made, pursuant to Court of Chancery Rules 23(e) and 23.1(c), class and stockholder notice of this dismissal is not required.
3. The Court retains jurisdiction of this Action solely for the purpose of adjudicating the Fee and Expense Application in connection with mooted claims asserted by Plaintiff in the Action.
4. Plaintiff’s counsel will seek to meet and confer with Defendants’ counsel, and to present the Court with a schedule for briefing on Plaintiff’s Fee and Expense Application or inform the Court of any agreement otherwise.
5. This Order is entered without prejudice to any position, claim or defense any party may assert with respect to the Fee and Expense Application or any matter related thereto.
COOCH AND TAYLOR, P.A. |
/s/ Blake A. Bennett |
Blake A. Bennett (#5133) |
The Nemours Building 1007 N. Orange Street, Suite 1120 |
(302) 984-3800 |
Counsel for Plaintiff |
Dated: February 26, 2021
APPROVED AND SO ORDERED this day of , 2021.
|
Vice Chancellor Sam Glasscock |
This document constitutes a ruling of the court and should be treated as such. | ||
Court: | DE Court of Chancery Civil Action | |
Judge: | Sam Glasscock | |
File & Serve | ||
Transaction ID: | 66373095 | |
Current Date: | Mar 02, 2021 | |
Case Number: | 2020-0987-SG | |
/s/ Judge Sam Glasscock |