The opinion
ENDORSED CRAVATH, SWAINE & MOORE LLP
WORLDWIDE PLAZA
HN W. WHITE GEORGE E. ZOBITZ DAVID J. PERKINS EVAN MEHRAN NORRIS
R. CHESLER GEORGE A. STEPHANAKIS 825 EIGHTH Av ENUE J. LEONARD TETI, II LAUREN M, ROSENBER
L. GORDON DARIN P. MCATEE D. SCOTT BENNETT MICHAEL L. ARNOLD
BERT H. BARON GARY A. BORNSTEIN New Yo RK, NY 1OOIS9 -7475 TING S. CHEN HEATHER A. BENJAMIN
VID MERCADO TIMOTHY G. CAMERON CHRISTOPHER K. FARGO MATTHEW J. BOBBY
RISTINE A. VARNEY KARIN A. DEMASI TELEPHONE: +1-212-474-!1000 DAVID M. STUART DANIEL J. CERQUEIRA
T. BARBUR DAVID S. FINKELSTEIN AARON M. GRUBER ALEXANDRA C. DENNIN
S, GOLDMAN RACHEL G. SKAISTIS FACSIMILE: +1-212-474-3700 ©. KEITH HALLAM, III HELAM GEBREMARIAM
HALL PAUL H. ZUMBRO OMID H. NASAB MATTHEW G. JONES
LIE A, NORTH ERIC W. HILFERS DAMARIS HERNANDEZ MATTHEW M., KELLY
DREW W. NEEDHAM GEORGE F. SCHOEN CITYPOINT JONATHAN J. KATZ DAVID H. KORN
L. BURNS ERIK R. TAVZEL ONE ROPEMAKER STREET DAVID L. PORTILLA BRITTANY L. □□□□□□□□□□
B. FORREST CRAIG F. ARCELLA LONDON EC2Y 9HR RORY A. LERARIS ANDREW M. WARK
R. HUMMEL DAMIEN R. ZOUBEK TELEPHONE: +44-20-7453-1000 KARA L. MUNGOVAN
VID J. KAPPOS LAUREN ANGELILLI FACSIMILE: +44-20-7860-1150 MARGARET T. SEGALL
NIEL SLIFKIN TATIANA LAPUSHCHIK NICHOLAS A. DORSEY
I. TOWNSEND, III ALYSSA K. CAPLES ANDREW C. ELKEN PARTNER EMERITUS
ILIP J. BOECKMAN JENNIFER S. CONWAY JENNY HOCHENBERG SAMUEDC: BUTTER
V. FOGG MINH VAN NGO : VANESSA A, LAVELY Sa
J. SAEED KEVIN J. ORSINI WRITER S DIRECT DIAL NUMBER G.J. LIGELIS JR.
J. STARK MATTHEW MORREALE +1-212-474-1760 MICHAEL E. MARIANI OF COUNSEL
OMAS E. DUNN JOHN D. BURETTA LAUREN R. KENNEDY MICHAEL L. SCHLER
|. GREENE J. WESLEY EARNHARDT > SASHA ROSENTHAL-LARREA CHRISTOPHER J. KELL’
VID R. MARRIOTT YONATAN EVEN WRITER S EMAIL ADDRESS ALLISON M, WEIN KIMBERLEY S. DREXLEF
A. PASKIN BENJAMIN GRUENSTEIN MPaskin @ cravath.com MICHAEL P. ADDIS NICOLE F. FOSTER
DREW J. PITTS JOSEPH D. ZAVAGLIA JUSTIN C. CLARKE LILLIAN S. GROSSBARC
T. REYNOLDS STEPHEN M. KESSING SHARONMOYEE GOSWAMI KIMBERLY A. GROUSSE
TONY L. RYAN LAUREN A. MOSKOWITZ Cc. DANIEL HAAREN ANDREI HARASYMIAK
August 3, 2021
Towa Pub. Emps.’ Ret. Sys. et al. v. Bank of Am. Corp. et al., No. 17-cv-6221 (KPF)
Dear Judge Failla:
Section 9 of the Protective Order (Dkt. Nos. 150, 228) provides that for any filing
that quotes or refers to discovery material that has been designated Confidential, Highly
Confidential, or Highly Confidential Data, the party “shall request to file such documents
or portions thereof containing or making reference to such material or information in
redacted form or under seal.” Consistent with the process this Court approved for such
requests (Dkt. No. 408), the Parties now move for sealing or redaction of certain materials
filed with Defendants’ Opposition to Plaintiffs’ Class Certification Motion. The Parties’
justifications for sealing or redacting those materials under Lugosch v. Pyramid Co. of
Onondaga, 435 F.3d 110, 119-20 (2d Cir. 2006), and its progeny are as follows.
Defendants’ Justifications and Designations
Defendants’ memorandum and certain supporting materials quote from, discuss,
and make reference to the substance of documents and data designated “Confidential” and
“Highly Confidential” under the Parties’ January 2, 2019 Protective Order (Dkt. No. 150),
and “Highly Confidential Data” under the Parties’ October 30, 2019 Supplemental
Protective Order (Dkt No. 228). Such materials include trade secrets, other confidential
research, development, or commercial information, and other private or competitively
sensitive information, including personal data. Accordingly, Defendants request that the
marked portions of Defendants’ memorandum of law, of Exhibits 1, 2, 3, 4, 67, and 68 to
the Declaration of Michael A. Paskin dated June 29, 2021 (the “Paskin Declaration’), and
the Paskin Declaration itself, be filed in redacted form. We also ask that Exhibits 5, 10,
16, 29-30, 32-35, 38-39, 43-46, 55-58, 60, and 62-65 to the Paskin Declaration be filed
entirely under seal. This is in accordance with Section 9 of the Protective Order, which
provides that for “papers containing or making reference to the substance of
“Confidential”, “Highly Confidential”, or “Highly Confidential Data’] material or
information, [a Party] shall request to file such documents or portions thereof containing
or making reference to such material or information in redacted form or under seal.”
Defendants’ memorandum and certain supporting materials also quote from,
discuss, and refer to the substance of discovery material produced by Third Parties subject
to confidentiality designations, which likewise include trade secrets, other confidential
research, development, or commercial information, or other private or competitively
sensitive information, including personal data. Defendants have proposed, and Plaintiffs
have had the opportunity to review, filing such materials under seal or with redactions
consistent with the designations made by Third Parties and Lugosch. Accordingly,
Defendants request on their behalf that marked portions of Defendants’ memorandum and
Exhibits 1, 2, 3, and 4 to the Paskin Declaration, and the Paskin Declaration itself, be filed
in redacted form. We also request that Exhibits 6-8, 11-15, 17-28, 31, 36-37, 40-41, 47-54,
and 61 to the Paskin Declaration be filed entirely under seal.
Plaintiffs’ Justifications and Designations
Defendants’ opposition papers quote from, discuss, and refer to discovery material
produced by certain Parties subject to confidentiality designations, which include trade
secrets, highly confidential data, other confidential research, development, or commercial
information, or other private or competitively sensitive information, including personal
data. In addition, Defendants’ papers discuss in detail material approved for redaction or
sealing pursuant to ECF 422. Accordingly, Plaintiffs request that the marked portions of
Defendants’ memorandum of law, of Exhibits 1, 2, 3, and 4 to the Declaration of Michael
A. Paskin dated June 29, 2021, and Mr. Paskin’s Declaration itself, be filed in redacted
form. We also ask that Exhibits 9, 42, 59, and 66 to Mr. Paskin’s Declaration be filed under
seal. Plaintiffs take no position with respect to Defendants’ redaction and under-seal
requests beyond those which we request ourselves, and reserve all rights under the
Protective Orders.
Sincerely,
/s/ Michael A. Paskin
Michael A. Paskin
Attorney for Defendants Morgan Stanley &
Co. LLC, Prime Dealer Services Corp., and
Strategic Investments I, Inc.
Honorable Katherine Polk Failla
United States District Court
Southern District of New York
40 Foley Square, Room 2103
New York, NY 10007
VIA ECF AND EMAIL
Application GRANTED. The portions of Defendants' submissions
specified above may be filed under seal, viewable only to the
parties and the Court.
The Clerk of Court is directed to terminate the motion pending at
docket entry 440.
Date: August 4, 2021 SO ORDERED.
New York, New York
Kathir Palle (flo
HON. KATHERINE POLK FAILLA
UNITED STATES DISTRICT JUDGE