In TCV VI v. TradingScreen, C.A. No. 10164-VCL (Del. Ch. April 23, 2018), clarified by order (Del. Ch. May 22, 2018), Vice Chancellor J. Travis Laster addressed the scope of the materials that a lawyer must produce to a former client upon request.
The underlying action from which this dispute arose involved a suit against directors of TradingScreen by holders of preferred stock in the company. The plaintiffs alleged that the company had breached its obligation to redeem their preferred stock and the defendant directors had not acted in good faith and breached their fiduciary duties when they determined how much of the preferred stock to redeem. A single law firm represented all of the defendant directors through trial.
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