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Home Court filings In re Carvana Co Securities Litigation Exhibit 14 — In re Carvana Securities

Court filing

Exhibit 14 — In re Carvana Securities

Filed April 27, 2026 in In re Carvana Co Securities Litigation; one of 27 filings from this case.

Record facts

CourtU.S. District Court for the District of Arizona
Filed2026-04-27

U.S. District Court for the District of Arizona · No. 2:22-cv-02126-MTL · Doc. 364-14 · 2026-04-27 · Docket on CourtListener

Full text

EXHIBIT 14 
[Redacted]
Case 2:22-cv-02126-MTL     Document 364-14     Filed 04/27/26     Page 1 of 4

 
4915-9163-1514.v1 
Chicago 
Melville 
Nashville 
San Diego  
Wilmington 
Boca Raton 
Manhattan 
Philadelphia 
San Francisco 
Washington, D.C. 
655 West Broadway, Suite 1900    San Diego, CA  92101    Tel 619-231-1058    Fax 619-231-7423    rgrdlaw.com  
Mathew Andrews 
mandrews@rgrdlaw.com 
March 20, 2026 
VIA EMAIL 
Christian Word 
LATHAM & WATKINS LLP 
330 North Wabash Avenue, Suite 2800 
Chicago, IL  60611 
christian.word@lw.com 
 
Re: 
In re Carvana Co. Securities Litigation, 
No. CV-22-2126-PHX-MTL (D. Ariz.) 
Dear Christian: 
We write to follow up on our March 20, 2026 meet and confer (the “March 20 call”) 
concerning: (i) the significant deficiencies in the Carvana Defendants’ February 12, 2026 
“Categorical Privilege Log,” February 27, 2026 “Second Amended Categorical Privilege Log,” 
February 27, 2026 Amended February 12 Categorical Privilege Log (with Author), March 3, 2026 
“Third Amended February Privilege Log,” March 3, 2026 “Second Amended February 12 2026 
Privilege Log,” March 17, 2026 “2026.03.17 Consolidated Amended Carvana Defendants Privilege 
Log,” and second March 17, 2026 “2026.03.17 Consolidated Amended Carvana Defendants Privilege 
Log” (the “Log” and collectively, the “Privilege Logs” or “Logs”); (ii) Plaintiffs’ February 21, 2026 
letter; (iii) the Carvana Defendants’ March 4, 2026 letter; (iv) Plaintiffs’ March 13, 2026 
correspondence; (v) the Carvana Defendants’ March 16, 2026 letter; and (vi) the Plaintiffs’ March 
19, 2026 correspondence. 
During the parties’ March 20 call, the parties discussed, among other things, the following six 
issues. 
First, Plaintiffs reiterated that the Log continues to contain over 3,000 documents labeled 
 or 
 that have no attorney information in the to, from, or cc fields.  You stated 
that approximately 500 of these entries appear to involve legal distribution lists that you had not 
previously identified.  You also stated that the Carvana Defendants are still analyzing why the 
remainder of the entries were missing attorney information. 
Second, Plaintiffs noted that the Carvana Defendants’ March 16, 2026 letter states, “[I]f an 
employee attaches the spreadsheet to an email to in-house counsel asking, ‘Could this customer sue 
us?,’ that communication and the attachment are privileged.”  M. Peters 03-16-26 Letter at 9.  
Plaintiffs stated that, even if your interpretation of the law were correct (it’s not), the Logs do not 
Case 2:22-cv-02126-MTL     Document 364-14     Filed 04/27/26     Page 2 of 4

 
Christian Word 
March 20, 2026 
Page 2 
4915-9163-1514.v1 
provide this level of detail.  For instance, the Logs do not include in the description, “asking for legal 
advice about attached document.”  Plaintiffs asked whether the Carvana Defendants “are representing 
that every time someone is emailing an attachment to in-house counsel, they’re asking in the body of 
the email for legal advice about the attachment.”  You responded, “Yes.” 
Third, Plaintiffs noted that the Carvana Defendants’ March 16, 2026 letter states, “[t]o the 
extent the attachment is identified in a context unrelated to a request for legal advice, Carvana 
Defendants will and have produced that standalone document.”  M. Peters 03-16-26 Letter at 9.  
Plaintiffs stated that the Carvana Defendants have frequently failed to produce the attachments, even 
if they readily appear as though they should exist in a standalone context unrelated to a request for 
legal advice.  Contrary to the representation in the Carvana Defendants’ March 16, 2026 letter, you 
further stated that it was not sufficient for the attached document to exist in a standalone context 
unrelated to a request for legal advice.  Instead, you stated that the document must also: (a) be in the 
possession of a custodian; (b) independently hit on a search term; and (c) be designated by Latham 
& Watkins (“Latham”) as “responsive.”  Please confirm that this is the Carvana Defendants’ position. 
Fourth, Plaintiffs reiterated their objection to withholding communications between 
 
 and the Carvana Defendants.  Plaintiffs asked how 
has an attorney-
client relationship with the Carvana Defendants.  Plaintiffs previously objected to the inclusion of 
communications with 
 on the Logs during the parties’ March 10, 2026 meet and confer.  See 
also M. Andrews 02-21-26 Letter at 7.  You nonetheless kept these communications in the subsequent 
Logs.  The Carvana Defendants’ March 16, 2026 letter also stated, “Plaintiffs have identified no basis 
to conclude that any documents on the Privilege Log were disclosed to third parties in a manner that 
would waive privilege.”  M. Peters 03-16-26 Letter at 7.  During the March 20 call, however, you 
stated that you were planning to remove many or all of these communications with 
 because 
you did not believe they were privileged.  You stated that you were waiting on the Carvana 
Defendants to give their approval for the communications’ removal. 
Fifth, Plaintiffs noted that the Log withholds the entirety of documents containing 
 
.  See, e.g., PLOG00014852 - PLOG00014864; PLOG00013861 - 
PLOG00013865; PLOG00013866 - PLOG00013867.  Plaintiffs further stated that this is improper 
because 
 typically include a discussion of a multitude of topics beyond legal areas.  
The Carvana Defendants have not produced the notes attached to any of these emails, even in redacted 
form, and have not explained why they could not be identified in a context unrelated to a request for 
legal advice, such as in a readily identifiable file for 
.  You stated that you would look 
into the matter. 
Lastly, Plaintiffs inquired into certain entries
 
  See, e.g., 
Case 2:22-cv-02126-MTL     Document 364-14     Filed 04/27/26     Page 3 of 4

 
Christian Word 
March 20, 2026 
Page 3 
4915-9163-1514.v1 
PLOG00056789, PLOG00056790, PLOG00056791.  You stated that Latham is unaware of any such 
 because Latham does not handle Carvana’s 
.  In response, Plaintiffs noted 
that Latham appeared to be emailing about 
  
See, e.g., PLOG00056800, PLOG00056801, PLOG00056836, PLOG00056837.  The Carvana 
Defendants confirmed that they would look into this issue and would promptly get back to Plaintiffs. 
Best regards, 
/s/ Mathew Andrews 
MATHEW ANDREWS 
Case 2:22-cv-02126-MTL     Document 364-14     Filed 04/27/26     Page 4 of 4

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