Texas High Court Snubs Energy Co.'s Atty-Client Privilege Row

Law360, New York (January 17, 2014, 4:41 PM EST) -- The Supreme Court of Texas on Friday refused to weigh in on whether attorney-client privilege belongs to commercial entities, not their members, in a derivatives suit against subsidiaries of electricity wholesaler Fulcrum Power Services LP.

Blue Sky Golden FPS Ltd. had asked the court in December 2012 to abate the case to allow a newly appointed Houston trial judge to reconsider a decision that blocked the company from accessing information known by Fulcrum Energy LLC’s former general counsel. 

Blue Sky, a member in Fulcrum, filed suit...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.