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| | Complaint: SEC v. Jean-Jacques Degroof and Francis Degroof |
 | | Delhaize America, Inc. was, at all material times, a New York Stock Exchange listed company headquartered in Salisbury, North Carolina, engaged in the business of operating supermarkets. |
 | | On January 7, 2000, the board of directors of Delhaize Group authorized a study regarding the feasibility of purchasing substantially all of the shares of Delhaize America, Inc. not owned by Delhaize Group. |
 | | When the defendants purchased the Delhaize America, Inc. stock, they possessed material, nonpublic information about the contemplated buyout offer and they knew, or recklessly disregarded the fact that they obtained the material nonpublic information about the buyout offer in breach of fiduciary or similar duties of trust and confidence. |
| www.sec.gov /litigation/complaints/complr17554.htm (836 words) |
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