IN RE DIDI GLOBAL INC. SECURITIES LITIGATION
- Lewis Kaplan
- 1:21-cv-05807
- U.S. District Court · Southern District of New York
- 5
In re DiDi Global Inc. Securities Litigation: Magistrate Judge Figueredo granted permanent sealing of Exhibits D and E.
The ruling restricts public access to Exhibits D and E and protects information concerning the underwriter defendants' third-party clients, including their identities and DiDi American depositary share orders and allocations.
What happened
In In re DiDi Global Inc. Securities Litigation, the underwriter defendants asked the court to permanently seal two exhibits filed in support of class certification proceedings.
The exhibits contained information about third-party clients, including their identities and the amounts of DiDi American depositary shares they ordered and received. The court also continued restrictions on viewing the exhibits.
Magistrate Judge Valerie Figueredo granted the motion to seal, directed the clerk to terminate the motion at ECF No. 458, and ordered the viewing restrictions at ECF No. 401 maintained.
The detailed version
- IN RE DIDI GLOBAL INC. SECURITIES LITIGATION · No. 1:21-cv-05807
- Lewis Kaplan
- July 21, 2025
Background
The underwriter defendants asked the court to permanently seal Exhibits D and E to a declaration supporting class-certification proceedings. The filing stated that the court had previously granted sealing of an identical copy of Exhibit D and an excerpted version of Exhibit E.
The complete version of Exhibit E contained Goldman Asia email communications. According to the filing, those communications revealed the identities of clients of the lead underwriters and the amounts of DiDi American depositary shares those clients ordered and were allocated. The underwriter defendants argued that disclosure would implicate third-party privacy and commercial interests.
Ruling
Magistrate Judge Valerie Figueredo granted the motion to seal. The order directed the clerk to terminate the motion at ECF No. 458 and maintain the viewing restrictions at ECF No. 401. The opinion does not state that the court resolved any issue concerning the merits of the securities litigation.
Read the full 5-page opinion on CourtListener, the free public archive maintained by the Free Law Project.