Opinion ID: 167649
Heading Depth: 4
Heading Rank: 1

Heading: Circuit Adopting Selective Waiver

Text: 31 The Eighth Circuit created the concept of selective waiver in Diversified Industries, 572 F.2d at 611. There, a company defending a civil proceeding sought to protect a memorandum and a report prepared by its counsel that it had previously produced to the SEC in response to an agency subpoena. Id. at 599. The court's discussion of selective waiver is but a single paragraph: 32 We finally address the issue of whether Diversified waived its attorney-client privilege with respect to the privileged material by voluntarily surrendering it to the SEC pursuant to an agency subpoena. As Diversified disclosed these documents in a separate and nonpublic SEC investigation, we conclude that only a limited waiver of the privilege occurred. To hold otherwise may have the effect of thwarting the developing procedure of corporations to employ independent outside counsel to investigate and advise them in order to protect stockholders, potential stockholders and customers. 33 Id. at 611 (citations omitted). 34