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: Delaware Business Litigation ReportCourt of Chancery Permits Discovery for a Settlement Hearing
By Morris James LLP
In re Countrywide Corp. S'holders Litig., C.A. 3464-VCN (Del. Ch. Sept. 3, 2008)
In this admittedly unusual case, the Court of Chancery has expanded the limited discovery available to an objector of a proposed settlement of a derivative case. The discovery includes the valuation of the derivative claims' value to the company. The Court also notes the potential privilege problems that may be involved.
Full post as published by Delaware Business Litigation Report on September 03, 2008 (boomark / email).
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