Vice Chancellor Paul Fioravanti, Jr. concluded that plaintiffs wrongly included confidential and privileged information on life sciences company Illumina in their complaint against individual defendants related to the company, but "as a general rule, directors are entitled to privileged communications delivered to the corporation or the board."
January 19, 2024 at 07:47 PM
5 minute read
Delaware’s Court of Chancery confirmed that company directors are entitled to privileged company communications.
In a Jan. 16 ruling, Vice Chancellor Paul A. Fioravanti, Jr. concluded that plaintiffs Icahn Partners LP, Icahn Partners Master Fund LP, and Matsumura Fishworks LLC wrongly included confidential and privileged information on life sciences company Illumina, in their complaint against individual defendants related to the company.
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