Free Motion for Prejudgment Remedy - District Court of Connecticut - Connecticut

Case 3:03-cv-01014-JBA

Document 77

Filed 12/16/2004

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UNITED STATES DISTRICT COURT DISTRICT OF CONNECTICUT

: : : : Plaintiffs, : : v. : : ARTHUR LOVETERE, CECIL URSPRUNG, LOUIS J. : BACCEI, WORTH LOOMIS, THEODORE : PATLOVICH, STEPHEN J. RAFFAY, WILLIAM P. : ROWLAND, PETER EIO (individually and in their : capacity as members of the Board of Directors of Reflexite : Corporation) and REFLEXITE CORPORATION, : : Defendants. :

H. JONATHAN FRANK and FRANK FAMILY 1996 TRUST (on behalf of themselves and REFLEXITE CORPORATION),

Civil Action No. 3:03-CV- 1014 (JBA)

DECEMBER 16, 2004

APPLICATION FOR PREJUDGMENT REMEDY

TO THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF CONNECTICUT: Pursuant to Federal Rule of Civil Procedure 64 and sections 52-278a et seq. of the Connecticut General Statutes, as adopted by District of Connecticut Local Civil Rule 4(c), the undersigned represents: 1. That H. Jonathan Frank and Frank Family 1996 Trust (the "Franks" or

"Applicants") have commenced an action against Arthur Lovetere, Cecil Ursprung, Louis J.

UNITED STATES DISTRICT COURT

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Baccei, Worth Loomis, Theodore Patlovich, Stephen J. Raffay, William P. Rowland, Peter Eio (individually and in their capacity as members of the Board of Directors of Reflexite Corporation) and Reflexite Corporation (collectively, "Defendants"), pursuant to the attached Writ, Amended Complaint and Affidavit. 2. That there is probable cause that a judgment, in the amount of the prejudgment

remedy sought, or in an amount greater than the amount of the prejudgment remedy sought, taking into account any known defenses, counterclaims or setoffs, will be rendered in this matter in favor of the Applicant as to the derivative and direct claims asserted by Applicant, and that to secure the judgment the Applicant seeks an order from this court directing that the following prejudgment remedy be granted, without bond, to secure the sum of $8,500,000: a. To attach or garnish sufficient property or assets of Defendants Arthur Lovetere, Cecil Ursprung, Louis J. Baccei, Worth Loomis, Theodore Patlovich, Stephen J. Raffay, William P. Rowland and Peter Eio to secure such sum; and Such other type of prejudgment remedy that this court may deem proper.

b.

H. JONATHAN FRANK AND 1996 FRANK FAMILY TRUST

By ____________________________________ Terence J. Gallagher (ct22415) Jonathan B. Tropp (ct11295) DAY, BERRY & HOWARD LLP One Canterbury Green Stamford, Connecticut 06901 (203) 977-7300 Telephone (203) 977-7301 Facsimile

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Richard A. Strassberg (ct24905) Jeffrey A. Simes (ct24906) GOODWIN PROCTER LLP 599 Lexington Avenue New York, New York 10022 (212) 813-8800 Telephone (212) 355-3333 Facsimile Their Attorneys CERTIFICATE OF SERVICE I hereby certify that on December 16, 2004 a true copy of the foregoing document was served via overnight courier upon all counsel of record.

James T. Cowdery, Esq. Sarah A. L. Merriam, Esq. Cowdery, Ecker & Murphy, L.L.C. 750 Main Street Hartford, CT 06103-2703

Edward F. Spinella, Esq. Reid and Riege, P.C. One Financial Plaza Hartford, CT 06103

James T. Shearin, Esq. Pullman & Comley, LLC 850 Main Street, P.O. Box 7006 Bridgeport, CT 06601-7006

Craig A. Raabe, Esq. Jason M. Kuselias, Esq. Robinson & Cole LLP 280 Trumbull Street Hartford, CT 06103-3597

Terence J. Gallagher

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UNITED STATES DISTRICT COURT DISTRICT OF CONNECTICUT

: : : : Plaintiffs, : : v. : : ARTHUR LOVETERE, CECIL URSPRUNG, LOUIS J. : BACCEI, WORTH LOOMIS, THEODORE : PATLOVICH, STEPHEN J. RAFFAY, WILLIAM P. : ROWLAND, PETER EIO (individually and in their : capacity as members of the Board of Directors of Reflexite : Corporation) and REFLEXITE CORPORATION, : : Defendants. :

H. JONATHAN FRANK and FRANK FAMILY 1996 TRUST (on behalf of themselves and REFLEXITE CORPORATION),

Civil Action No. 3:03-CV- 1014 (JBA)

DECEMBER __, 2004

NOTICE OF HEARING PLEASE TAKE NOTICE THAT the Plaintiff's application having been presented to the court, a hearing thereon be held on December ____, 2004, at _____ a.m. in courtroom _____ of the United States District Court for the District of Connecticut, 141 Church Street, New Haven, Connecticut 06510.

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H. JONATHAN FRANK AND 1996 FRANK FAMILY TRUST

By ____________________________________ Terence J. Gallagher (ct22415) Jonathan B. Tropp (ct11295) DAY, BERRY & HOWARD LLP One Canterbury Green Stamford, Connecticut 06901 (203) 977-7300 Telephone (203) 977-7301 Facsimile Richard A. Strassberg (ct24905) Jeffrey A. Simes (ct24906) GOODWIN PROCTER LLP 599 Lexington Avenue New York, New York 10022 (212) 813-8800 Telephone (212) 355-3333 Facsimile Their Attorneys

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UNITED STATES DISTRICT COURT DISTRICT OF CONNECTICUT

: : : : Plaintiffs, : : v. : : ARTHUR LOVETERE, CECIL URSPRUNG, LOUIS J. : BACCEI, WORTH LOOMIS, THEODORE : PATLOVICH, STEPHEN J. RAFFAY, WILLIAM P. : ROWLAND, PETER EIO (individually and in their : capacity as members of the Board of Directors of Reflexite : Corporation) and REFLEXITE CORPORATION, : : Defendants. :

H. JONATHAN FRANK and FRANK FAMILY 1996 TRUST (on behalf of themselves and REFLEXITE CORPORATION),

Civil Action No. 3:03-CV- 1014 (JBA)

ORDER FOR PREJUDGMENT REMEDY The application of the plaintiffs H. Jonathan Frank and Frank Family 1996 Trust (the "Franks") for prejudgment remedy having been presented to the undersigned, and the undersigned having examined the application, complaint, and accompanying affidavit, and following a duly noticed hearing at which the parties were fully heard, it is found that there is probable cause that a judgment, in the amount of the prejudgment remedy sought, or in an amount greater than the

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amount of the prejudgment remedy sought, taking into account any known defenses, counterclaims or setoffs, will be rendered in this matter in favor of the Franks, IT IS HEREBY ORDERED that the prejudgment remedy be granted, without bond, to secure the sum of $8,500,000.00 and the Plaintiffs may attach or garnish sufficient property or assets of the Defendants Arthur Lovetere, Cecil Ursprung, Louis J. Baccei, Worth Loomis, Theodore Patlovich, Stephen J. Raffay, William P. Rowland and Peter Eio to secure such sum.

Dated at ____________, Connecticut this ______ day of _______________, 2004. BY THE COURT,

______________________________ Judge

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CERTIFICATE OF SERVICE I hereby certify that on December 16, 2004 a true copy of the foregoing document was served by overnight courier upon all counsel of record.

James T. Cowdery, Esq. Sarah A. L. Merriam, Esq. Cowdery, Ecker & Murphy, L.L.C. 750 Main Street Hartford, CT 06103-2703

Edward F. Spinella, Esq. Reid and Riege, P.C. One Financial Plaza Hartford, CT 06103

James T. Shearin, Esq. Pullman & Comley, LLC 850 Main Street, P.O. Box 7006 Bridgeport, CT 06601-7006

Craig A. Raabe, Esq. Jason M. Kuselias, Esq. Robinson & Cole LLP 280 Trumbull Street Hartford, CT 06103-3597

Terence J. Gallagher

UNITED STATES DISTRICT COURT