The Delaware Court of Chancery, in In re Oracle Corp. Derivative Litigation, C.A. No. 2017-0337-SG, memo. op. (Del. Ch. Dec. 4, 2019), where a Special Litigation Committee determined that it would be in Oracle’s best interest to allow plaintiff to pursue its derivative claims in litigation, found commonality of interests between plaintiff, the company, and the Committee supported plaintiff’s entitlement to the company’s privileged documents, to the extent provided to and relied upon by the Committee.
NEW: Simpson Thacher discusses the decision in Stockholder Derivative Litigation Update.
Legal Newsline discusses the decision in Delaware court determines which documents should be produced to plaintiff in ongoing Oracle litigation.
Morris James discussed the decision in Chancery Addresses Discovery and Privilege Implications of Oracle Special Litigation Committee’s Decision to Defer to Stockholder-Plaintiff’s Prosecution of Derivative Claims.
Francis Pileggi discusses the decision in Chancery Grants Access to Special Litigation Committee Documents.
Cleary Gottlieb discusses the decision in Delaware Chancery Court Opinion Raises New Considerations For Special Litigation Committees.