Brado
Brado v. Vocera Communications, Inc.
Opinion
Lead Opinion
Chen, J.
ORDER GRANTING IN PART LEAD PLAINTIFF’S MOTION TO LIMIT THE SCOPE OF CONFIDENTIALITY AGREEMENTS SIGNED BY FORMER VOCERA EMPLOYEES
(Docket No. 73)
I. INTRODUCTION
This action is a consolidation of two securities class actions against Vocera *1318 Communications, Inc. (“Vocera”), which alleges that Vocera misrepresented its profitability and that plaintiffs consequently suffered losses when Vocera stock prices fell. Lead Plaintiffs (“Plaintiffs”) are the Baltimore County Employees’ Retirement System and Arkansas Teacher Retirement System. Lead Counsel is the New York law firm of Labaton Sucharow LLP (“La-baton”). A consolidated complaint has yet to be filed.
During Plaintiffs’ investigation into the facts, Labaton’s investigator interviewed a former Vocera Senior Director of Internal Audit, Finance and Administration (the “Former Employee”). The Former Employee provided internal Vocera documents and other information relevant to Vocera’s alleged wrongdoing. Upon reviewing the documents, the investigator questioned whether some of them might be subject to attorney-client privilege. The documents and the investigator’s notes from the interview were sequestered and no attorney at…