Crest Global Technology, LLC et al v. Crown Global Secondaries V Master SCSp et al
Filing
23
ORDER granting 20 Letter Motion to Seal. Accordingly, the Court hereby GRANTS Crest's motion seeking leave to redact/file the Agreement and references thereto under seal, so long as a redacted versions of documents referencing the Agreement are entered on the public docket. SO ORDERED. (Signed by Judge Victor Marrero on 1/29/2025) (jca)
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
1/29/25
CREST GLOBAL TECHNOLOGY, LLC, CREST
GLOBAL TECHNOLOGY CAPITAL LLC, CREST
GLOBAL TECHNOLOGY CAPITAL V LLC,
CREST WISH LLC, CREST RIDE LLC,
CREST ADKW LLC, and CREST CHIME LLC,
25-CV-636(VM)
ORDER
Plaintiffs,
- against CROWN GLOBAL SECONDARIES V MASTER
SCSP, CROWN CROWTH OPPORTUNITIES
GLOBAL III S.C.S. RAIF, LCT CAPITAL
INVEST (SC2) LIMITED, LIBERTY PE
FUND SCSP SICAV RAIF (2019 SUBFUND), KEVA CROWN SECONDARIES FUND
L.P., FONDA, L.P, and SSP 2017 L.P.,
Defendants.
VICTOR MARRERO, United States District Judge.
On January 27, 2025, Plaintiffs Crest Global Technology,
LLC,
Crest
Global
Technology
Capital
LLC,
Crest
Global
Technology Capital V LLC, Crest Wish LLC, Crest Ride LLC,
Crest ADKW LLC, and Crest Chime LLC (together, “Crest”) filed
a motion seeking leave to “redact/file under seal certain
portions of Crest’s First Amended Complaint” (the “FAC”).
(Dkt. No. 20.) Crest argues that sealing is necessary because
the FAC references an Agreement of Purchase of Sale (the
“Agreement”),
which
“contains
highly
confidential
information,” such as “information regarding purchase prices,
distributions, capital commitments, and numerous financial
allocations
among
various
entities.”
(Id.)
Indeed,
the
Agreement contains a confidentiality provision. (See id.)
Hence, Crest claims, Crest’s privacy interest outweighs the
public’s interest in access to the judicial documents. See In
re Utica Mut. Ins. Co. v. INA Reinsurance Co., 468 F. App’x
37, 39 (2d Cir. 2012).
The Court agrees. “Potential damage from the release of
sensitive business information has been deemed a ground for
denying access to court documents.” Bergen Brunswig Corp. v.
Ivax Corp., No. 97 CIV. 2003 (PKL), 1998 WL 113976, at *3
(S.D.N.Y. Mar. 12, 1998) (citing In re Orion Pictures Corp.,
21 F.3d 24, 27-28 (2d Cir. 1994)). Accordingly, the Court
hereby
GRANTS Crest’s motion seeking leave to redact/file the
Agreement and references thereto under seal, so long as a
redacted versions of documents referencing the Agreement are
entered on the public docket.
SO ORDERED.
Dated:
January 29, 2025
New York, New York
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