A recent ruling in a stock option backdating case has given plaintiffs lawyers new hope of piercing the attorney-client privilege that has often protected the juicy details of internal investigations. A Delaware court ruled that a special committee investigating backdating at Maxim Integrated Products can't shield its final report and its communications with lawyers at Orrick. One reason: The committee shared the investigation results with Maxim's board, a third party with adverse interests.
December 27, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A recent ruling in a stock option backdating case has given plaintiffs lawyers new hope of cutting through the attorney-client privilege that has often protected the juicy details of internal investigations.
Mark Molumphy, who is bringing a derivative suit against Apple Inc., said a Delaware ruling in a suit against Maxim Integrated Products gives him and other plaintiffs lawyers a powerful new argument.
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