Innovatus Capital Partners, LLC v. Neuman et al

Filing 349

ORDER denying 347 Letter Motion to Seal. While noting Innovatus's politesse in suggesting that the highlighted portion of its opposition should be sealed (on MV's behalf) those portions approach the banal and shall not be sealed. (Signed by Judge Louis L. Stanton on 10/5/2022) (rro)

Case 1:18-cv-04252-LLS Document 349 Filed 10/05/22 Page 1 of 2
se 1:18-cv-07142-LLS Document 304 Filed 09/30/22 Page 1 of 2

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MICHAEL H. MCGINLEY

michae l. mcginley@dechert .com
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Re: Innovatus Capital Partners, LLC v. Neuman~~-0~-li's(s.SJ,.i·Wa!Jw.i'.
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MV Realty PBC, LLC v. Innovatus Capital Partners, LLC, No . 1:18-07142-LLS (S.D.N.Y.) S-(,~ ·
Dear Judge Stanton:

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We are counsel to Innovatus Capital Partners, LLC ("lnnovatus"), which is Plaintiff in the first
above-captioned action and Defendant and Cross-Claimant in the second. We write to request
permission to file under seal portions oflnnovatus ' Opposition to the MV Realty Parties' 2 Motion
in Limine No. 2. Dkt. 341.

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A court may seal judicial documents if that sealing "is essential to preserve higher values and is
narrowly tailored to serve that interest." Lugosch v. Pyramid Co. of Onondaga, 435 F.3d 110, 120
(2d Cir. 2006) (internal quotations omitted). Materials that reveal marketing strategy, financial
analysis, and business development strategy are routinely considered highly proprietary by courts
and worthy of protection by sealing from the public. See, e.g. , Playtex Products, LLC v. Munchkin,
Inc., 2016 WL 1276450, at *11-12 (S .D.N.Y. March 29, 2016); New York v. Actavis, PLC, 2014
WL 5353774, at *3 (S.D .N.Y. Oct. 21 , 2014).
The proposed redactions to Innovatus ' Opposition to the MV Realty Parties ' Motion in Limine No.
2 are aimed at protecting references to and quotes from information that has been designated by
the MV Realty Parties as "HIGHLY CONFIDENTIAL," which is defined in the Protective Order
as " information which is in the possession of a Designating Party who believes in good faith that
the Disclosure of such information to another Party or non-Party would create a substantial risk of
serious financial , competitive or other injury that cannot be avoided by less restrictive means."
1

All citations to " Dkt." herein refer to the docket entries in Innovatus Capital Partners, LLC v. Neuman,
No . 1: l 8-cv-04252-LLS (S.D.N.Y.).
2

The "MY Realty Parties" refers collectively to Defendants and Cross-Claimants Jonathan Neuman,
Antony Miller, Ritz Advisors, LLC, Greg Williams, Daryl Clark, and Amanda Zachman in the first abovecaptioned action, and Plaintiff MY Realty PBC, LLC in the second above-captioned action.

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Case 1:18-cv-04252-LLS Document 349 Filed 10/05/22 Page 2 of 2
Case 1:18-cv-07142-LLS Document 304 Filed 09/30/22 Page 2 of 2

Dechert

Hon. Louis L. Stanton
September 30, 2022
Page 2

LLP

See Dkt. 75 at 2 (Protective Order). The Protective Order also requires the parties to follow "the
procedures outlined in Fed. R. Civ. P. 5.2., the Standing Order Regarding Electronic Filing Under
Seal in Civil and Miscellaneous Cases dated December 19, 2019, and the Individual Rules of
Practice issued of the Court, or any Standing Procedural Order subsequently issued by the Court."
Id. at 11.
Pursuant to the Protective Order, we understand that the MV Realty Parties ' designation of these
materials as "HIGHLY CONFIDENTIAL" means that the MV Realty Parties believe the
information contained therein is competitively sensitive and would be harmful if released to the
public.
Accordingly, Innovatus respectfully requests the Court' s permission to file its Opposition to the
MV Realty Parties ' Motion in Limine No. 2 under seal, pending any further briefing from the MV
Realty Parties .

Respectfully,

Michael H. McGinley

CC: All counsel of record (via ECF)