Chenming Holdings Limited v. John Does 1-10
- Katherine Failla
- 1:24-cv-00935
- U.S. District Court · Southern District of New York
- 2
In Chenming Holdings v. John Does, Judge Failla granted an application to seal a filing about confidential loan-agreement terms and terminated the related motion.
The order affected the Servicer Defendants, Chenming Holdings (Hong Kong) Limited, the three non-party lenders to the stock-loan agreements, and access to docket entries 109 and 108.
What happened
In Chenming Holdings (Hong Kong) Limited v. John Does 1-10, four defendants asked to redact parts of their motion-to-dismiss brief that quoted confidential stock-loan agreements between Chenming and three lenders.
They said the agreements contained financial and other private terms, and that public disclosure could harm the lenders’ business relationships and negotiating position. The request also noted that the agreements had confidentiality provisions.
Judge Katherine Failla granted the application. She ordered the Clerk to keep docket entry 109 under seal, available only to the court and the parties, and to terminate the pending motion at docket entry 108.
The detailed version
- Chenming Holdings Limited v. John Does 1-10 · No. 1:24-cv-00935
- Katherine Failla
- Jan. 7, 2025
Background
The Servicer Defendants—Sierra Universal Corp., UPC Holdings Ltd., Lviv Estate Holdings Ltd., and C Vanderbilt Management Ltd.—asked the court for permission to redact portions of their memorandum supporting their motion to dismiss Chenming’s Verified Second Amended Complaint. The portions quoted terms from four confidential stock-loan agreements between Chenming and three non-party lenders.
The Servicer Defendants stated that the agreements had been submitted with motions to seal and with a motion to dismiss filed by Jaitegh Singh and Jurist IQ Corp. They argued that the agreements contained confidential financial and non-financial terms, including provisions releasing claims against the Servicer Defendants. They also said the agreements’ confidentiality provisions prohibited public disclosure.
Request and Ruling
The request concerned limited redactions that would conceal specific loan-agreement terms and allow the parties to the agreements to seek a further sealing order. The letter relied on the court’s authority to restrict disclosure when sealing is necessary to protect interests such as competitive harm and the privacy interests of non-parties.
Judge Katherine Polk Failla granted the application. The Clerk of Court was directed to maintain docket entry 109 under seal, viewable only by the court and the parties. The Clerk was also directed to terminate the pending motion at docket entry 108. The opinion does not explain the contents of those docket entries beyond these directions.
Read the full 2-page opinion on CourtListener, the free public archive maintained by the Free Law Project.
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