What Is Electronic Information, and Why Should You Care? - Electronically Stored Information - page 40

. 6..The.importance.of.the.issues.at.stake.in.the.litigation
. 7..The. relative. beneits. to. the. parties. of. obtaining. the.
information
In.these.rulings,.the.court.decided.to.irst.ask.the.defendant,.
UBS,. to. produce. all. of. the. relevant. e-mails. that. it. had. on.
servers,. CDs,. and. ive. backup. tapes. as. requested. by. the.
plaintiff.and.at.its.(the.defendant's).expense..The.judge.said.
she. would. decide. on. cost. shifting. after. they. reviewed. the.
contents.of.the.backup.tapes.and.considered.the.seven.fac-
tors.listed.above.
Of.course.when.the.restoration.was.complete.both.parties.
asked.the.court.to.force.the.other.party.to.pay.the.full.cost.
of. recovering. the. backup. e-mails.. The. defendant. estimated.
the.cost.for.restoration.of.the.evidence.at.close.to.$20,000,.
but.said.the.full.costs.would.be.over.$270,000.including.the.
money. it. would. cost. for. their. attorneys. to. review. the. evi-
dence.. Judge. Scheindlin. applied. her. seven-factor. test. and.
reached.the.conclusion.that.the.plaintiff.should.have.to.pay.
25%.of.the.cost.of.the.restoration.only,.excluding.the.attor-
ney.review.costs.
1.2.3.20.2. Pension.Committee.of.the.University.of.Montreal.
Pension.Plan.v..Banc.of.America.Securities,.LLC.(S.D.N.Y..
2010) * . Pension.is.an.interesting.twist.and.reiteration.of.the.
precepts. put. forth. in. Zubulake.. The. plaintiff,. University. of.
Montreal,.iled.this.suit.asking.for.$550.million.in.losses.that.
resulted. from. the. liquidation. of. two. hedge. funds. managed.
by.the.defendants..There.were.actually.96.separate.plaintiffs.
being.represented.in.this.case.
The.defendants.argued.that.there.were.some.large.gaps.in.
the.electronic.documentation.produced.by.13.of.the.96.plain-
tiffs,.and.they.asked.the.court.to.issue.sanctions.for.failure.to.
*. Gibbons,. Zubulake. Revisited:. Pension. Committee. of. the. University. of.
Montreal. Pension. Plan. v.. Banc. of. America. Securities,. LLC :. http://www.
gibbonslaw.com/news_publications/articles.php?action=.display_.publication.
&publication_id=2983..Retrieved.2011-04-06.