Opinion

In re Foreign Exchange Benchmark Rates Antitrust Litigation

Court: District Court, S.D. New York
Filed: Nov 6, 2020
Cited by: 0 cases
Authority: More cited than 27.2%

“[T]he decision as to access is one best left to the sound discretion of the trial court, a discretion to be exercised in light of the relevant facts and circumstances of the particular case.”

How later courts described this case

“[T]he decision as to access is one best left to the sound discretion of the trial court, a discretion to be exercised in light of the relevant facts and circumstances of the particular case.”

Written by the judges who cited it.

The opinion

USONUITTEHDE RSTNA DTIESST RDIICSTT ROIFC TN ECWOU YROTR K

-------------------------------------------------------------X

IN RE FOREIGN EXCHANGE BENCHMARK : 13 Civ. 7789 (LGS)

RATES ANTITRUST LITIGATION :

: ORDER

------------------------------------------------------------ X

LORNA G. SCHOFIELD, District Judge:

WHEREAS, on October 29, 2020, Plaintiffs filed a pre-motion letter in anticipation of a

motion for summary judgment. Dkt. No. 1518.

WHEREAS, on October 30, 2020, Plaintiffs filed a letter indicating that Plaintiffs’ pre-

motion letter at Docket No. 1518 contains information Defendants have designated as either

“Confidential” or “Highly Confidential” under the terms of the Stipulation and Order of

Confidentiality at Docket No. 555, and that the pre-motion letter has been placed under

temporary seal. Dkt. No. 1520.

WHEREAS, on October 30, 2020, the Court issued an Order directing Plaintiffs to file a

letter motion to file a redacted version of the pre-motion letter at Docket No. 1518, pursuant to

Individual Rule I.C.3. Dtk. No. 1524.

WHEREAS, Plaintiffs filed a letter motion to redact portions of the pre-motion letter at

Docket No. 1518. Dkt. Nos. 1522, 1523 and 1525.

WHEREAS, Defendants filed a letter in support of Plaintiffs’ letter motion to redact

portions of the pre-motion letter at Docket No. 1518. Dkt. No. 1532. It is hereby

ORDERED that, Plaintiffs’ motion to seal is GRANTED. The unredacted versions of the

pre-motion letter filed at Docket Nos. 1518 and 1525 will remain sealed, and only the parties and

individuals identified in the attached Appendix A will have access. Although “[t]he common law

right of public access to judicial documents is firmly rooted in our nation’s history,” this right is

not absolute, and courts “must balance competing considerations against” the presumption of

access. Lugosch v. Pyramid Co. of Onondaga, 435 F.3d 110, 119-20 (2d Cir. 2006) (internal

quotation marks omitted); see also Nixon v. Warner Commce’ns., Inc., 435 U.S. 589, 599 (1978)

(“[T]he decision as to access is one best left to the sound discretion of the trial court, a discretion

to be exercised in light of the relevant facts and circumstances of the particular case.”). Filing the

above-referenced document in redacted form is necessary to prevent the unauthorized

dissemination of confidential information related to non-parties.

The Clerk of Court is respectfully directed to close the motions at Docket Nos. 1520, 1522,

1523 and 1525.

Dated: November 6, 2020 / / r

New York, New York

LORNA G. SCHOFIEL

UNITED STATES DISTRICT JUDGE

Appendix A

Scott+Scott Attorneys at Law LLP

Christopher M. Burke

cburke@scott-scott.com

Walter W. Noss

wnoss@scott-scott.com

Kristen M. Anderson

kanderson@scott-scott.com

Donald A Broggi

dbroggi@scott-scott.com

Fine, Kaplan and Black, R.P.C.

Peter Anthony Barile, III

Roberta D. Liebenberg

pbarile@scott-scott.com

rliebenberg@finekaplan.com

Adam Pessin

Thomas Kay Boardman

apessin@finekaplan.com

tboardman@scott-scott.com

Motley Rice LLC

Michelle Elizabeth Conston

William H. Narwold

mconston@scott-scott.com

bnarwold@motleyrice.com

William Curtis Fredericks Donald A. Migliori

wfredericks@scott-scott.com

dmigliori@motleyrice.com

Joseph Peter Guglielmo

Michael M. Buchman

jguglielmo@scott-scott.com

mbuchman@motleyrice.com

Sylvia Sokol

ssokol@scott-scott.com

Miller Law LLC

Marvin A. Miller

Stephanie Ann Hackett

mmiller@millerlawllc.com

shackett@scott-scott.com

Matthew Van Tine

Kate Lv

mvantine@millerlawllc.com

klv@scott-scott.com

Kirby McInerney LLP

Hausfeld, LLP

David E Kovel

Michael D. Hausfeld

dkovel@kmllp.com

mhausfeld@hausfeldllp.com

Karen Lerner

Tim Kearns

klerner@kmllp.com

tkearns@hausfeld.com

Reena Gambhir

rgambhir@hausfeldllp.com

Katie Beran

kberan@hausfeld.com

Sarah Rebecca Lafreniere

slafreniere@hausfeld.com

Christopher L. Lebsock

clebsock@hausfeldllp.com

Class Representatives Class Representitives Counsel

CERA LLP

Solomon B. Cera

scera@cerallp.com

Aureus Currency Fund, L.P. (“Aureus”)

C. Andrew Dirksen

cdirksen@cerallp.com

Obermayer Rebmann Maxwell & Hippel LLP

William Leonard

william.leonard@obermayer.com

Rigel Farr

rigel.farr@obermayer.com

City of Philadelphia, Board of Pensions and

BONI & ZACK LLC

Retirement

Michael J. Boni

mboni@bonizack.com

Joshua D. Snyder

jsnyder@bonizack.com

Robbins Geller Rudman & Dowd LLP

Patrick Joseph Coughlin

patc@rgrdlaw.com

David W. Mitchell

davidm@rgrdlaw.com

Employees’ Retirement System of the Government

of the Virgin Islands (“Virgin Islands”) Brian O. O' Mara

bomara@rgrdlaw.com

Randi Dawn Bandman

randib@rgrdlaw.com

Wolf Popper LLP

Marian Rosner

mrosner@wolfpopper.com

Patricia Avery

Employees’ Retirement System of Puerto Rico

pavery@wolfpopper.com

Electric Power Authority (“ERS-PREPA”)

Fei-Lu Qian

fqian@wolfpopper.com

Berman DeValerio

Joseph J. Tabacco , Jr.

jtabacco@bermantabacco.com

Fresno County Employees’ Retirement Association

Todd Seaver

(“FCERA”)

tseaver@bermantabacco.com

Sarah Khorasanee McGrath

smcgrath@bermantabacco.com

Stephen M. Tillery

stillery@koreintillery.com

George A. Zelcs

gzelcs@koreintillery.com

Robert E Litan

rlitan@koreintillery.com

Steven Michael Berezney

sberezney@koreintillery.com

Michael E. Klenov

mklenov@koreintillery.com

Haverhill Retirement System (“Haverhill”)

Scott and Scott Attorneys At Law LLP

See Class Counsel Column for Details

The Mogin Law Firm, P.C.

Daniel J. Mogin

dmogin@moginlaw.com

Steyer Lowenthal Boodrookas Alvarez &

Smith LLP

Allan Steyer

asteyer@steyerlaw.com

Alexander Dewitt Singh Kullar

akullar@steyerlaw.com

Korein Tillery, LLC

See supra for details

Scott and Scott Attorneys At Law LLP

See Class Counsel Column for Details

Oklahoma Firefighters Pension and Retirement

The Mogin Law Firm, P.C.

System (“Oklahoma Firefighters”)

See supra

Steyer Lowenthal Boodrookas Alvarez &

Smith LLP

See supra

Labaton Sucharow LLP

Gregory S. Asciolla

gasciolla@labaton.com

Jay L. Himes

jhimes@labaton.com

State-Boston Retirement System (“Boston

Retirement”)

Robin A. Van Der Meulen

rvandermeulen@labaton.com

Matthew J. Perez

mperez@labaton.com

Grant & Eisenhofer, PA

Robert G. Eisler

Syena Global Emerging Markets Fund, LP (“Syena”) reisler@gelaw.com

Entwistle & Cappucci LLP

Andrew J Entwistle

aentwistle@entwistle-law.com

Tiberius OC Fund, Ltd. (“Tiberius”) Robert N Cappucci

Entwistle & Cappucci LLP

Vincent Roger Cappucci

vcappucci@entwistle-law.com

Entwistle & Cappucci LLP

Value Recovery Fund L.L.C. (“VRF”)

See supra

Lowey Dannenberg Cohen & Hart, P.C.

Vincent Briganti

vbriganti@lowey.com

Geoffrey Milbank Horn

ghorn@lowey.com

Gerald Lawrence

United Food and Commercial Workers Union and glawrence@lowey.com

Participating Food Industry Employers Tri-State

Pension Fund (“United Food”) Peter Dexter St. Phillip , Jr

pstphillip@lowey.com

Raymond Peter Girnys

rgirnys@lowey.com

Shepherd, Finkelman, Miller & Shah, LLC

Eric L. Young

eyoung@sfmslaw.com

Scott+Scott Attorneys at Law LLP

Christopher M. Burke

cburke@scott-scott.com

Systrax Corporation (“Systrax”) Hausfeld, LLP

Michael D. Hausfeld

mhausfeld@hausfeldllp.com

Korein Tillery, LLC

Robert Miller, Mark Miller, and Peter Rives

See supra

Criden & Love, P.A.

Michael E. Criden

mcriden@cridenlove.com

J. Paul Antonello

Lindsey C. Grossman

lgrossman@cridenlove.com

Criden & Love, P.A.

See supra

Marc G. Federighi, Michael J. Smith

Labaton Sucharow LLP

See supra

Freed Kanner London Millen LLC

Michael J. Freed

mfreed@fklmlaw.com

Thomas Gramatis, John Kerstein

Steven A. Kanner

skanner@fklmlaw.com

Radice Law Firm, P.C.

John Radice

Doug Harvey, Izee Trading Company (“Izee”), and jradice@radicelawfirm.com

Richard Preschern d/b/a Preschern Trading

(“Preschern”) Kenneth Pickly

kpickle@radicelawfirm.com

Nussbaum Law Group, P.C.

Linda P Nussbaum

Jeffrey Sterk, Kimberly Sterk, and Michael Melissinos lnussbaum@nussbaumpc.com

David George Januszewski

Cahill Gordon & Reindel LLP

djanuszewski@cahill.com

Herbert Scott Washer

Cahill Gordon & Reindel LLP

hwasher@cahill.com

Jason Michael Hall

Cahill Gordon & Reindel LLP

jhall@cahill.com

Credit Suisse Group AG, Credit Suisse AG, Credit Sheila Chithran Ramesh

Suisse Securities (USA) LLC (collectively "Credit Cahill Gordon & Reindel LLP

Suisse") sramesh@cahill.com

Elai E. Katz

Cahill Gordon & Reindel LLP

ekatz@cahill.com

Charles Matthew Miller

Tarter Krinsky & Drogin LLP

cmiller@tarterkrinsky.com

Richard Carl Schoenstein

Tarter Krinsky & Drogin LLP

rschoenstein@tarterkrinsky.com

Adam Selim Hakki

Shearman & Sterling LLP

ahakki@shearman.com

Bank of America Corporation, Bank of America, N.A., Richard Franklin Schwed

and Merrill Lynch, Pierce, Fenner & Smith Inc. Shearman & Sterling LLP

(collectively “Bank of America”) rschwed@shearman.com

Jeffrey Jason Resetarits

Shearman & Sterling LLP

jeffrey.resetarits@shearman.com

Michael E. Gertzman

Paul, Weiss, Rifkind, Wharton & Garrison LLP

mgertzman@paulweiss.com

Andrew Corydon Finch

Paul, Weiss, Rifkind, Wharton & Garrison LLP

afinch@paulweiss.com

Anand Sithian

Bank of Tokyo Mitsubishi UFJ Ltd. (“BOTM’) Paul, Weiss, Rifkind, Wharton & Garrison LLP

asithian@paulweiss.com

Kenneth Anthony Gallo

Paul, Weiss, Rifkind, Wharton & Garrison LLP

kgallo@paulweiss.com

David Harold Braff

Sullivan and Cromwell, LLP

braffd@sullcrom.com

Jeffrey T. Scott

Sullivan and Cromwell, LLP

scott|@sullcrom.com

Barclays Bank PLC, Barclays Capital Inc. Matthew Alexander Schwartz

(collectively "Barclays") Sullivan & Cromwell, LLP

schwartzmatthew@sullcrom.com

Yvonne Susan Quinn

Sullivan & Cromwell, LLP

quinny@sullcrom.com

Kathleen Suzanne McArthur

Sullivan & Cromwell, LLP

mcearthurk@sullcrom.com

Camille Latoya Fletcher

Patterson, Belknap, Webb & Tyler LLP

cfletcher@pbwt.com

Joshua Aaron Goldberg

Patterson, Belknap, Webb & Tyler LLP

jgoldberg@pbwt.com

Rebecca Rose Delfiner

BNP Paribas Group, BNP Paribas North America,. rebecca delfiner@altonovery com

Inc., BNP Paribas Securities Corp., BNP Prime = -

Brokerage, Inc. (collectively BNP Paribas)

, Allen & Overy LLP

molly.kelley@allenovery.com

John Terzaken

Allen & Overy LLP

john.terzaken@allenovery.com

Laura Rose Hall

Allen & Overy, LLP

laura.hall@allenovery.com

Andrew Arthur Ruffino

Covington & Burling LLP

aruffino@cov.com

Thomas A. Isaacson

Covington & Burling, LLP

Citigroup Inc., Citibank, N.A., Citicorp, Citigroup lisaacson@cov.com

Global Markets Inc. (collectively "Citigroup")

Covington & Burling, LLP

awiseman@cov.com

Andrew D. Lazerow

Covington & Burling, LLP

alazerow@cov.com

George Patrick Montgomery

King & Spalding LLP

pmontgomery@kslaw.com

Nickolas Barber

Kirkland & Ellis LLP

Deutsche Bank AG, Deutsche Bank Securities Inc. nickolas.barber@kirkland.com

(collectively "Deutsche Bank") Joseph Serino, JR.

joseph.serino@lw.com

Eric Foster Leon

Latham & Watkins LLP

eric.leon@lw.com

Leah Brannon