The defendant brought a motion to compel answers to numerous questions refused or taken under advisement during the discovery of the plaintiff’s representative.
The action involved a dispute over whether a transaction transferring investment advisors from one dealer to another constituted a share sale or an asset sale, and whether the defendant had resigned or was constructively dismissed.
The court considered the scope of relevance at discovery, the role of surrounding circumstances in contractual interpretation, and the evidentiary burden required to sustain claims of privilege.
Most questions relating to the due diligence process, the structure and purpose of the transaction vehicle, and financial information relevant to alleged constructive dismissal and damages were ordered answered.
Several questions were refused where they were speculative, irrelevant, or too remote from the issues in dispute.