Credit: GoodIdeas/Adobe Stock Appellate Division Refuses to Assume Attorney-Client Privilege for Shareholders in Closely Held Corporations
"In our opinion on the first appeal, we declined defendants' request to adopt a rule where shareholders in closely held corporations are presumed to hold the privilege individually as distinct from the corporate entity," the opinion said. "We continue to decline to make that rule in this opinion."
January 03, 2024 at 12:19 PM
5 minute read
In a discovery dispute over who controls the attorney-client privilege of communications between two shareholders of Onyx Enterprises International and law firm McCarter & English, the Appellate Division agreed with a special master's decision that the law firm represented the company, not the individuals.
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