Del. Draws Line In The Sands Of Discovery

Law360, New York (April 26, 2013, 6:22 PM EDT) -- When one director sues other directors, do the defendant-directors have the benefit of the attorney-client privilege to shield internal communications with counsel from discovery? That was one issue before the Delaware Court of Chancery in the fast-moving litigation contesting a proposed recapitalization of Morgans Hotel Group Co. Kalisman, et al. v. Friedman, et al., C.A. No. 8447-VCL, (Del. Ch. Apr. 17, 2013).

In resolving the issue, the court carefully drew the line to allow discovery of communications between counsel and a special committee that the plaintiff-director...
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.