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in the circuit court of jackson county, missouri, at independence

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for approval; a current good stand<strong>in</strong>g st<strong>at</strong>us from <strong>the</strong><br />

Missouri Secretary <strong>of</strong> St<strong>at</strong>e, which MSCI provided,<br />

s<strong>at</strong>isfy<strong>in</strong>g <strong>the</strong>ir sole open element.<br />

204. The Defendants approved MSCI’s escrow form for<br />

delivery along with MSCI’s associ<strong>at</strong>e contract to MSCI’s<br />

<strong>in</strong>dependent represent<strong>at</strong>ive candid<strong>at</strong>es for <strong>the</strong>ir exam<strong>in</strong><strong>at</strong>ion<br />

and submission for review to <strong>the</strong>ir personal legal counsel.<br />

After enter<strong>in</strong>g <strong>in</strong>to a contract with MSCI, <strong>the</strong> defendants<br />

breached <strong>the</strong> contract and did not provide <strong>the</strong> escrow<br />

accounts.<br />

205. The Defendants breached <strong>the</strong> contract to provide escrow<br />

accounts to MSCI when <strong>the</strong> defendants discovered MSCI would<br />

reduce hospital supply prices n<strong>at</strong>ionwide with an <strong>in</strong>ternet<br />

based electronic marketplace.<br />

206. MSCI <strong>at</strong>tempted to cover or substitute as described <strong>in</strong><br />

<strong>the</strong> st<strong>at</strong>ement <strong>of</strong> facts, seek<strong>in</strong>g <strong>the</strong> services <strong>of</strong> Shook,<br />

Hardy & Bacon, <strong>the</strong>n <strong>the</strong> defendants’ own law firm to<br />

adm<strong>in</strong>ister escrow accounts unsuccessfully.<br />

207. MSCI <strong>the</strong>n <strong>at</strong>tempted to cover or substitute by<br />

obta<strong>in</strong><strong>in</strong>g <strong>the</strong> capitaliz<strong>at</strong>ion for entry to market through a<br />

real est<strong>at</strong>e transaction with GE which breached its contract<br />

when it also discovered MSCI would reduce hospital supply<br />

prices n<strong>at</strong>ionwide with an <strong>in</strong>ternet based electronic<br />

marketplace.<br />

48

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