In re Tether and Bitfinex Crypto Asset Litigation
- Katherine Failla
- 1:19-cv-09236
- U.S. District Court · Southern District of New York
- 1
In re Tether and Bitfinex Crypto Asset Litigation: Judge Failla granted the B/T Defendants’ request to file an exhibit under seal.
The B/T Defendants and the nonparty officers, employees, and agents whose personal crypto-account and transaction information was described in Exhibit 1; the plaintiffs’ schedule-extension motion was also affected because the exhibit was filed in opposition to it.
What happened
In In re Tether and Bitfinex Crypto Asset Litigation, the B/T Defendants asked to file an exhibit under seal. They said it contained sensitive information about the personal crypto accounts and transactions of their officers, employees, and agents, who are not parties to the case.
The request concerned Exhibit 1 to the defendants’ opposition to the plaintiffs’ request for a three-month extension of the case schedule. The opinion does not provide further details about the exhibit’s contents or the parties’ underlying claims.
Judge Katherine Polk Failla granted the request and directed the clerk to terminate the pending motion. The order does not give additional reasoning for the decision.
The detailed version
- In re Tether and Bitfinex Crypto Asset Litigation · No. 1:19-cv-09236
- Katherine Failla
- June 6, 2023
Background
The B/T Defendants requested permission to file Exhibit 1 under seal. The exhibit was attached to their opposition to the plaintiffs’ motion for a three-month extension of the case schedule.
Parties’ Position
The B/T Defendants stated that Exhibit 1 contained detailed and highly sensitive information about the personal crypto accounts and transactions of their officers, employees, and agents. They also stated that those individuals were not parties to the case. In support of sealing, the defendants cited decisions discussing privacy interests in banking records and other sensitive business information.
Ruling
The court granted the request to file Exhibit 1 under seal. Judge Katherine Polk Failla also directed the clerk of court to terminate the pending motion at the relevant docket entry. The opinion does not explain the court’s reasoning beyond the word “GRANTED.”
Read the full 1-page opinion on CourtListener, the free public archive maintained by the Free Law Project.