Records on Cerevel Trades Before AbbVie Sale May Be Released (1)

A Delaware judge indicated he may allow a limited exchange of internal documents around disputed trades by Bain Capital LP and Perceptive Advisors LLC ahead of Cerevel Therapeutics Holdings Inc.‘s $8.7 billion sale to AbbVie Inc.

But Vice Chancellor J. Travis Laster warned that release could undermine a pension fund’s claims that the private equity firms exploited inside information to secure a $140 million windfall in those trades.

If the documents don’t express “glee” and in fact express “reluctance” about the trades, “it’s going to be hard for you to go forward,” he told an attorney representing the SEIU ...