Maher v. Bank of Nova Scotia et al

Filing 114

ORDER: granting (508) Letter Motion to Seal; granting (518) Letter Motion to Seal; granting (523) Letter Motion to Seal in case 1:14-md-02548-VEC. Plaintiffs' and Defendants' sealing applications, at docket entries 508, 518, and 523, are he reby GRANTED. The parties make two separate sealing requests: First, Plaintiffs and Defendants seek to redact the information quoted or displayed in Plaintiffs' opposition brief that was produced by Defendants and designated as confidential purs uant to the parties' Protective Order. See Pls. Letter Motion, Dkt. 518 at 1, 5; Defs. Letter Motion, Dkt. 523 at 2. Second, Plaintiffs seek to redact the work product of its consultants that was "included, quoted, and described in" e ither Plaintiffs' or Defendants' briefs and exhibits in connection with Defendants' motion. See Pls. Letter Motion, Dkt. 518 at 1. A presumption of public access applies to judicial documents. Lugosch v. Pyramid Co. of Onondaga, 435 F.3d 110, 119-20 (2d Cir. 2006). The Second Circuit has found that "[i]n defining 'judicial records and documents,' we have emphasized that 'the mere filing of a paper or document with the court is insufficient to render that pap er a judicial document subject to the right of public access.' Instead, 'the item filed must be relevant to the performance of the judicial function and useful in the judicial process in order for it to be designated a judicial document.&# 039;" Brown v. Maxwell, 929 F.3d 41, 49 (2d Cir. 2019) (citing United States v. Amodeo, 44 F.3d 141, 145 (2d Cir. 1995). With respect to the first sealing request, the information produced by Defendants and designated confidential, the Court fi nds that such information does not constitute judicial documents under the Lugosch standard and so the presumption of public access does not apply. While such information went to Defendants' alleged role in the Fixing process, it did not concer n whether Plaintiffs' experts are immune from deposition. Because the presumption of public access does not apply, the sealing request as to such information is granted. With respect to the second sealing request, the information produced by Pl aintiffs' consultants, Plaintiffs contend that such information also does not constitute judicial documents. See Pls. Letter Motion, Dkt. 518 at 2-3. But the Court finds that the redacted materials are judicial documents. Although Defendants ' motion centers on whether Abrantes- Metz and Bamberger are entitled to the protections of Rule 26(b)(4)(D) of the Federal Rules of Civil Procedure, Rule 26(b)(2)(C) requires a Court to limit discovery when it is "unreasonably cumulative o r duplicative." See Fed. R. Civ.P. 26(b)(2)(C). In order to assess whether the depositions at issue would be unreasonably cumulative or duplicative, the Court must consider their potential subject matter, an inquiry which necessarily bears upo n the redacted materials. Accordingly, because the materials are "implicated in judicial proceedings," they are squarely judicial documents. See Newsday LLC v. Cty. of Nassau, 730 F.3d 156, 166 (2d Cir. 2013). But a relatively weak presum ption of public access applies to these materials because they were filed in connection with a discovery dispute. See Brown, 929 F.3d at 49 ("[T]he presumption of public access in filings submitted in connection with discovery disputes... is g enerally somewhat lower than the presumption applied to material introduced at trial, or in connection with dispositive motions such as motions for dismissal or summary judgment."). The Court finds that there is sufficient information in the pub lic record to understand the basis for the Court's decision without needing to review the redacted materials. Additionally, the Court agrees that the materials contain sensitive and possibly proprietary information that could be used by the con sultants' competitors and possibly by future defendants in other price manipulation lawsuits. See Pls. Letter Motion, Dkt. 518 at 4-5; see also Louis Vuitton Malletier S.A. v. Sunny Merch. Corp., 97 F. Supp. 3d 485, 511 (S.D.N.Y. 2015); Encyclo pedia Brown Prods., Ltd. v. Home Box Office, Inc., 26 F. Supp. 2d 606, 614 (S.D.N.Y. 1998). Accordingly, given the low presumption of access in discovery disputes, Plaintiffs' application to redact material produced by Plaintiffs' consultants is granted. The Clerk of Court is respectfully directed to close the open motions at docket entries 508, 518, and 523. SO ORDERED. (Signed by Judge Valerie E. Caproni on 6/14/2021) Filed In Associated Cases: 1:14-md-02548-VEC et al. (ama)

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TELEPHONE: 1-212-558-4000 FACSIMILE: 1-212-558-3588 WWW.SULLCROM.COM USDC SDNY DOCUMENT ELECTRONICALLY FILED DOC #: DATE FILED: 125 Broad Street New York, New York 10004-2498 ______________________ LOS ANGELES • PALO ALTO • WASHINGTON, D.C. BRUSSELS • FRANKFURT • LONDON • PARIS MEMO ENDORSED BEIJING • HONG KONG • TOKYO MELBOURNE • SYDNEY February 19, 2021 Via ECF Hon. Valerie E. Caproni United States District Court for the Southern District of New York Thurgood Marshall United States Courthouse 40 Foley Square New York, NY 10007 Re: In re Commodity Exchange, Inc., Gold Futures and Options Trading Litigation, No. 14-md-2548 (VEC) Dear Judge Caproni: We write on behalf of The Bank of Nova Scotia, and on behalf of Barclays Bank PLC, Société Générale, and The London Gold Market Fixing Limited (“Defendants”), to respectfully request that the Court seal portions of Defendants’ February 19, 2021 Reply Memorandum in Further Support of Their Motion to Depose Rosa M. Abrantes-Metz and Gustavo Bamberger (the “February 19 Memorandum”). On January 18, 2017, the Court entered the Stipulation and Protective Order (Dkt. No. 208) (the “Protective Order”), which states that “[a]ll Confidential or Highly Confidential Discovery Material filed with the Court, and all portions of pleadings, motions or other papers filed with the Court that disclose such Confidential or Highly Confidential Discovery Material, shall be filed under seal with the Clerk of the Court and kept under seal until further Order of the Court.” The documents described in the February 19 Memorandum were designated “Confidential” by Plaintiffs and filed under seal on November 18, 2020 (ECF No. 476). Paragraph 16 of the Protective Order states that, for documents “subject to a confidentiality designation” included in or attached to a court filing, the “party submitting that filing shall serve counsel for the producing Person or other Person designating the Discovery Material with a copy of the filing at the time the filing under seal is made.” As set out in the Protective Order, Defendants are serving a copy of the February 19 Memorandum on Plaintiffs, and to the extent Plaintiffs continue to designate these materials as “Confidential,” will submit a statement to the Court within ten business The Honorable Valerie E. Caproni -2- days containing any statements from Plaintiffs on why sealing the redacted material is appropriate. For the foregoing reasons, we respectfully request that the redacted portions of Defendants’ February 19 Memorandum be filed under seal. * * * Defendants further request that, should the Court grant Plaintiffs’ February 12, 2021 sealing request (ECF No. 518) on the basis that the exhibits to Defendants’ memorandum are not “judicial documents” entitled to a presumption of access, it also seal exhibits 4-5 to Plaintiffs’ February 12, 2021 opposition and the references to those exhibits contained in their memorandum for the same reason. (see ECF No. 517.) Should the Court decline Plaintiffs’ request, Defendants will not oppose unsealing these materials. Respectfully submitted, /s/ Stephen Ehrenberg Stephen Ehrenberg SO ORDERED. HON. VALERIE CAPRONI UNITED STATES DISTRICT JUDGE

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