Boards of directors of companies incorporated in Delaware and elsewhere typically have “independent” or “outside” directors who are unaffiliated with that company, except through their.
Delaware Rule of Evidence 502(b) codifies the attorney-client privilege and insulates from discovery “confidential communications made for the purpose of facilitating the rendition of.
In
DLO Enterprises, Inc. v. Innovative Chemical Products Group, LLC, the Delaware Court of Chancery (the “Court”) in an unpublished opinion analyzed whether the asset purchase agreement included the sale to the buyer of the target company’s and its employees’ pre-closing and post-closing communications with their attorneys. In January 2018, Innovative Chemical Products Groups LLC and ICP Construction, Inc. (together, “Buyers”) purchased substantially all of the assets of Arizona Polymer Flooring, Inc. (“Target”) from DLO Enterprises, Inc., 301 L&D, LLC, and Daniel and Leane Owen (the “Owen Sellers,” and, together with the entity sellers, the “Sellers”) via an Asset Purchase and Contribution Agreement (“APA”).