Covington & Burling’s court-ordered requirement to share hacked customer names with the Securities and Exchange Commission opens a crack in attorney-client privilege that makes legal practitioners uneasy.
The ruling will have “chilling ramifications” on attorney-client relations, said Sarah Concannon, a Quinn Emanuel partner and former SEC trial lawyer. The commission will craft more subpoenas for law firm records “based on nothing more than suspicion of violation of the securities laws,” she said.
US District Judge Amit Mehta ruled July 24 that Covington must disclose the identities of seven public-company clients to the SEC as part of an investigation into a 2020 ...
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