IN RE WEWORK LITIGATION

Consolidated C.A. No. 2020-0258-AGB.

250 A.3d 901 (2020)

IN RE WEWORK LITIGATION.

Court of Chancery of Delaware.

Decided: August 21, 2020.


Attorney(s) appearing for the Case

William B. Chandler III , Brad D. Sorrels , Lori W. Will , Lindsay Kwoka Faccenda , Leah E. Brenner , and Jeremy W. Gagas , WILSON SONSINI GOODRICH & ROSATI, P.C., Wilmington, Delaware; Michael S. Sommer , WILSON SONSINI GOODRICH & ROSATI, P.C., New York, New York; David J. Berger , Steven M. Guggenheim , and Dylan G. Savage , WILSON SONSINI GOODRICH & ROSATI, P.C., Palo Alto, California; Attorneys for Plaintiff The We Company.

William M. Lafferty , Kevin M. Coen , Sabrina M. Hendershot , and Sara Toscano , MORRIS NICHOLS ARSHT & TUNNELL LLP, Wilmington, Delaware; Eric Seiler , Philippe Adler , and Mala Ahuja Harker , FRIEDMAN KAPLAN SEILER & ADELMAN LLP, New York, New York; William Christopher Carmody , Shawn J. Rabin , and Arun Subramanian , SUSMAN GODFREY L.L.P., New York, New York; Attorneys for Plaintiffs Adam Neumann and We Holdings LLC.

Robert S. Saunders and Sarah R. Martin , SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP, Wilmington, Delaware; George A. Zimmerman , SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP, New York, New York; Attorneys for The We Company.

Elena C. Norman , Rolin P. Bissell , and Nicholas J. Rohrer , YOUNG CONAWAY STARGATT & TAYLOR, LLP, Wilmington, Delaware; Erik J. Olson , MORRISON & FOERSTER LLP, Palo Alto, California; James Bennett and Jordan Eth , MORRISON & FOERSTER LLP, San Francisco, California; Attorneys for Defendant SoftBank Group Corp.

Michael A. Barlow and E. Wade Houston , ABRAMS & BAYLISS LLP, Wilmington, Delaware; John B. Quinn and Molly Stephens , QUINN EMANUEL URQUHART & SULLIVAN, LLP, Los Angeles, California; Attorneys for Defendant SoftBank Vision Fund (AIV M1) L.P.


OPINION

This decision resolves a discovery dispute that implicates an issue of first impression: Does management of a Delaware corporation have the authority to, unilaterally preclude a director of the corporation from obtaining the corporation's privileged information? In my opinion, the answer to this question is...

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