Investment Bank Must Give Labor Officials Thousands of Documents

Investment banking adviser CSG Partners LLC must turn over thousands of documents related to employee stock ownership plan transactions that are being investigated by the Labor Department, a Manhattan federal judge ruled.

CSG can’t use the attorney-client privilege to avoid fully responding to a Labor Department subpoena seeking documents related to four of the employee stock ownership plan transactions that CSG advised on, Magistrate Judge Robert W. Lehrburger said.

The Wednesday order by the U.S. District Court for the Southern District of New York judge means the adviser must produce thousands of documents beyond the 25,000 it already provided in ...