Jane Street Group, LLC v. Millennium Management LLC

Background

Jane Street Group, LLC filed a letter asking the court for permission to redact and seal portions of its motion for an extension and the motion’s supporting exhibits. The letter said the materials contained competitively sensitive information about Jane Street’s business operations, as well as confidential, proprietary, trade-secret, and intellectual-property information.

Jane Street stated that it treated the information as confidential and that secrecy was a significant competitive asset. It also stated that disclosure could place it at a competitive disadvantage. The letter cited earlier Southern District of New York decisions and prior orders in the case involving similar information.

Requested Procedure

Jane Street said it would file a public redacted version of its extension motion within three business days. It also said it would file a sealed version identifying the proposed redactions and an explanation for each one. Jane Street further stated that it would meet and confer with the defendants about sealing or redacting the motion and exhibits, then submit proposed redactions to the sealed documents.

The letter also said Jane Street believed the defendants might seek to seal some or all of the extension motion and exhibits. The opinion does not describe any separate request by the defendants or identify the specific information ultimately approved for sealing.

Ruling

Judge Paul A. Engelmayer entered the order, “GRANTED,” and stated, “SO ORDERED.” The court therefore granted Jane Street’s sealing motion. The order did not specify the individual redactions or sealed materials, add a prejudice limitation, or state whether any material would remain sealed permanently.