The Delaware Court of Chancery on Monday denied a plaintiff access to redacted documents in a derivative dispute alleging that the general partner’s conflicts committee acted in bad faith in approving a $3 billion transaction that undervalued the firm’s assets by $500 million.
In a 16-page letter opinion, Vice Chancellor Sam Glasscock III ruled that the private emails were covered by attorney-client privilege and held, in a matter of first impression, that a narrow exception to the privilege did not apply to a limited partnership in the absence of a fiduciary relationship.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]