BNS INC. v. KOPPERS CO., INC.

Civ. A. No. 88-130 MMS.

683 F.Supp. 454 (1988)

BNS INC., a Delaware corporation, Plaintiff, v. KOPPERS COMPANY, INC., a Delaware corporation, Charles F. Barber, Evelyn Berezin, Anthony J.A. Bryan, Fletcher L. Byrom, Dr. Richard M. Cyert, Edward Domley, Daniel N. Galbreath, William H. Knoell, Andrew W. Mathieseon, Charles R. Pullin, Glen C. Tenley, Dr. Romesh Wadhawani, and Charles M. Oberly, III, Attorney General of the State of Delaware, and Michael E. Harkins, Secretary of State of the State of Delaware, Defendants.

United States District Court, D. Delaware.

March 31, 1988.


Attorney(s) appearing for the Case

A. Gilchrist Sparks, III of Morris, Nichols, Arsht & Tunnell, Wilmington, Del., for defendants Charles M. Oberly, III and Michael E. Harkins.

Steven D. Goldberg of Theisen, Lank, Mulford and Goldberg, P.A., E. Norman Veasey, Charles F. Richards, Jr., Allen M. Terrell, Jr., Gregory P. Williams and Joseph J. Bodnar of Richards, Layton & Finger, Wilmington, Del. (Edwin Mishkin of Cleary, Gottlieb, Steen & Hamilton, New York City, of counsel), for plaintiff.

Charles S. Crompton, Jr., Peter M. Sieglaff and Gregory A. Inskip of Potter, Anderson & Corroon, Wilmington, Del., for defendants Koppers Co., Inc., Charles F. Barber, Evelyn Berezin, Anthony J.A. Bryan, Fletcher L. Byrom, Dr. Richard M. Cyert, Edward Domley, Daniel N. Galbreath, William H. Knoell, Andrew W. Mathieseon, Charles R. Pullin, Glen C. Tenley and Dr. Romesh Wadhawani.


OPINION

MURRAY M. SCHWARTZ, Chief Judge.

Plaintiff's March 28th motion to compel discovery requires the Court to delineate the scope of what has been loosely described as the "white knight" privilege in the context of ongoing hostile tender offer litigation.

Plaintiff, BNS, Inc. ("BNS"), seeks to acquire Koppers Company, Inc. ("Koppers") through an all cash hostile tender offer. The Koppers Board of Directors has formally rejected as inadequate BNS...

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