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Valente v. PepsiCo, Inc.

68 F.R.D. 361 (1975)

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Valente v. PepsiCo, Inc.

United States District Court for the District of Delaware
68 F.R.D. 361 (1975)

SC

Facts

PepsiCo, Inc. (Pepsi) (defendant) owned 74 percent of Wilson Sporting Goods Company (Wilson). Certain of Pepsi’s officers sat on Wilson’s board of directors. Pepsi merged with Wilson. Elizabeth Valente and other minority shareholders of Wilson (collectively, Valente) (plaintiffs) sued Pepsi, claiming that Pepsi and its officers violated securities laws in their communications and offer to Wilson shareholders. Valente moved to compel production of certain documents prepared by Pepsi’s counsel addressing the tax consequences of different forms that the merger with Wilson might take. Pepsi asserted that the documents were not discoverable due to the attorney-client privilege.

Rule of Law

Issue

Holding and Reasoning (Wright, J.)

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