Citco's UBS Docs Privileged In Pension Fund Row, Judge Says
Law360 (May 22, 2018, 7:27 PM EDT) -- Citco Group Ltd. can keep confidential certain communications with UBS AG sought by several pension funds that have accused Citco and others of making misrepresentations about a $100 million investment in an insolvent investment vehicle, a Louisiana federal judge ruled Monday, finding that the documents warranted attorney-client privilege.
U.S. Magistrate Judge Erin Wilder-Doomes said in her order that Citco demonstrated that communications between the company's in-house counsel and external counsel, Linklaters LLP, and UBS were subject to attorney-client privilege since UBS was acting as a representative of Citco, the client.
Though not all of the communications with UBS were protected, Citco...
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