In re: 650 Fifth Avenue and Related Properties
- Loretta Preska
- 1:08-cv-10934
- U.S. District Court · Southern District of New York
- 1
In re: 650 Fifth Avenue, Judge Preska ordered that a letter containing confidential commercial information could be filed under seal.
Alavi Foundation and the 650 Fifth Avenue Company, whose unredacted letter was allowed to be filed under seal.
What happened
In In re: 650 Fifth Avenue and Related Properties, Alavi Foundation and the 650 Fifth Avenue Company asked the court to allow an unredacted letter to be filed under seal.
The letter discussed reserve funds for operating and managing 650 Fifth Avenue and the building’s net rental income. The claimants said this financial information was confidential and not public.
Judge Preska found that the letter contained confidential commercial information and ordered that the claimants’ request to file it under seal be allowed.
The detailed version
- In re: 650 Fifth Avenue and Related Properties · No. 1:08-cv-10934
- Loretta Preska
- Apr. 7, 2020
Background
Claimants Alavi Foundation and the 650 Fifth Avenue Company asked the court for permission to file an unredacted copy of an April 6, 2020 letter under seal. The letter concerned the amount of reserve funds held for the operation and management of 650 Fifth Avenue and the net rental income from the building.
Request
The claimants argued that the letter contained nonpublic financial information, including revenue information, that should remain confidential. They also stated that the court had previously allowed them to file other letters and reports about the building’s finances under seal. The request sought to seal only the confidential information in the letter.
Ruling
The court found that the letter contained confidential commercial information. Judge Loretta A. Preska ordered that the counsel’s request to file the unredacted letter under seal was approved.
Read the full 1-page opinion on CourtListener, the free public archive maintained by the Free Law Project.