In the Court of Chancery of the State of Delaware S
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE S. MUOIO & CO. LLC, on behalf of itself and ) the class and derivatively on behalf of CROWN ) MEDIA HOLDINGS, INC., ) ) Plaintiff, ) ) v. ) Civil Action No. 4729-CC ) HALLMARK ENTERTAINMENT ) INVESTMENTS CO., a Delaware corporation, ) HALLMARK ENTERTAINMENT ) HOLDINGS, INC., a Delaware corporation, ) H C CROWN CORP., a Delaware corporation, ) H.A., INC., a Delaware corporation, ) HALLMARK CARDS, INC., a Missouri ) corporation, WILLIAM J. ABBOTT, DWIGHT ) C. ARN, WILLIAM CELLA, GLENN CURTIS, ) STEVE DOYAL, BRIAN E. GARDNER, ) HERBERT A. GRANATH, DAVID E. HALL, ) DONALD J. HALL, JR., IRVINE O. ) HOCKADAY, JR., A. DRUE JENNINGS, ) PETER A. LUND, BRAD R. MOORE, ) DEANNE R. STEDEM, ) ) Defendants, ) ) and ) ) CROWN MEDIA HOLDINGS, INC., a ) Delaware corporation, ) ) Nominal Defendant. ) MEMORANDUM OPINION Date Submitted: December 31, 2010 Date Decided: March 9, 2011 Kevin G. Abrams, T. Brad Davey and Matthew F. Davis, of ABRAMS & BAYLISS LLP, Wilmington, Delaware; OF COUNSEL: Harvey Kurzweil, James P. Smith III and Corinne D. Levy, of DEWEY & LEBOEUF LLP, New York, New York, Attorneys for Plaintiff. Martin P. Tully, Jon E. Abramczyk, Leslie A. Polizoti, Pauletta J. Brown and Ryan J. Greecher, of MORRIS, NICHOLS, ARSHT & TUNNELL LLP, Wilmington, Delaware, Attorneys for Defendants Dwight C. Arn, Steve Doyal, Brian E. Gardner, David E. Hall, Donald J. Hall, Jr., Irvine O. Hockaday, Jr., Brad R. Moore, Deanne R. Stedem, Hallmark Entertainment Holdings, Inc., H C Crown Corp., H.A., Inc., and Hallmark Cards, Inc. Gregory P. Williams, Thomas A. Beck, Brock E. Czeschin and Blake Rohrbacher, of RICHARDS, LAYTON & FINGER, P.A., Wilmington, Delaware, Attorneys for Defendants Herbert A.
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