Chancery OKs Oracle Panel Doc Hold-back In $9B Merger Suit

Law360 (July 9, 2020, 10:33 PM EDT) -- An Oracle Corp. special litigation committee that took over and then handed back control of a suit against company founder Lawrence J. Ellison and others over a conflicted $9.3 billion acquisition of NetSuite Inc. has a right to keep some of its documents away from stockholders despite their shared interests, a Delaware vice chancellor ruled late Thursday.

Vice Chancellor Sam Glasscock III's decision found that the held-back materials are protected work products of the committee, despite its investigative role. He also rejected class claims that the refusal amounts to a breach of fiduciary by the committee, although the committee claimed that...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!