by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, May 16 – Jane Street Group LLC sued Millennium Management, Douglas Schadewald and Daniel Spottiswood, for allegedly taking trade secrets from them. On April 19 there is scheduled a court hearing on Jane Street's request for a temporary restraining order, before U.S. District Court for the Southern District of New York Judge Paul A. Engelmayer.
Judge Engelmayer on April 17 granted a motion to seal; this was followed on April 18 by not fewer than seven "selected parties" only letters.
It is said that some or all of the April 18 proceeding may be sealed. Previously, Inner City Press petitioned Judge Engelmayer in a trial with an undercover witness and an audio feed was made available in another courtroom, on the 5th floor of 40 Foley Square / 40 Centre Street.
Should this civil case be more secret?
How should notice of a possible sealed proceeding be given? Alongside a trial in 100 Centre Street, Inner City Press has had its eye on this case.
We can report that Jane Street's bid to seal the courtroom was denied. Then its application for a TRO was denied, no sufficient showing of irreparable harm.
On May 16, this: "ORDER, The Court requires Jane Street to provide a detailed identification of all alleged trade secrets upon which it relies in numbered form and with reasonable particularity by May 23, 2024, at 5 p.m., per the procedure for identification of trade secrets set out in the Federal Judicial Center's Trade Secret Case Management Judicial Guide, sections 4.4 to 4.7. The parties are directed to file a proposed case management plan by May 21, 2024, pursuant to which fact discovery concludes at the end of September 2024, and expert discovery in mid-November 2024.The Court schedules a case management conference for December 13, 2024."
It is Jane Street Group, LLC v. Millennium Management LLC et al., 24-cv-2783 (Engelmayer)
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