Daily Journal Corp. v. Superior Court

In Daily Journal Corp. v. Superior Court (1999) 20 Cal.4th 1117, the district attorney ended the grand jury investigation of the county's bankruptcy without indicting a major investment banking firm which underwrote some of the county's debt offerings. Following media requests, the trial court ordered the release of all transcripts and documents of the closed grand jury investigation. The Supreme Court disagreed. Notwithstanding the strong public policy for openness, the high court held that the documents should not be disclosed. The Supreme Court was concerned about the impact upon the willingness of prospective witnesses to come forward or to speak " ' "fully and frankly, as they would be open to retribution" ' " or " ' "public ridicule." ' " (Id. at p. 1126.)