GALLEON SYNDICATE CORP. v. PAN ATL. GROUP, INC.


223 A.D.2d 510 (1996)

637 N.Y.S.2d 104

Galleon Syndicate Corporation, Respondent, v. Pan Atlantic Group, Inc., Counterclaim Defendant-Appellant Galleon Syndicate Corporation, Appellant, v. Pan Atlantic Group, Inc., Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

January 30, 1996


The IAS Court properly exercised its discretion in directing production of the documents prepared by PAG and reports prepared by the accounting firm of Arthur Andersen in connection with the arbitration proceeding between PAG and third party Republic, sought by Galleon, which addressed the same issues of reserve adequacy and alleged mismanagement by PAG as are at issue in this action. These items are not protected from disclosure...

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