The City of Philadelphia v. Bank of America Corporation

The motion to seal is granted temporarily. The Court will assess

whether to keep the materials at issue sealed or redacted when

March 16, 2023 deciding the underlying motion. The Clerk of Court is directed to

terminate ECF No. 392.

Via ECF

SO ORDERED.

Honorable Jesse Furman

United States District Judge

Southern District of New York

AO Centre Street, Room 2202

New York, New York 10007 Mafch 17, 2023

Re: City of Philadelphia, et al. v. Bank of Am. Corp., et al., 19-cv-1608 (JMF)

Dear Judge Furman:

Pursuant to Rule 7 of the Court’s Individual Rules and Practices in Civil Cases, and the

Stipulation and Order Regarding Redaction and Sealing Process for Class Certification Briefing

(Dkt. No. 358), Defendants, on behalf of all parties, hereby seek leave to file by ECF,

Defendants’ Joint Memorandum of Law in Opposition to Plaintiffs’ Motion for Class

Certification, Defendants’ Motion to Exclude Expert Testimony, and supporting document (the

“Opposition Papers”) (Dkt. Nos. 386-391) with certain confidential documents and information

sealed or redacted.! An index listing all material that the parties seek to file in redacted form or

under seal is attached as Exhibit 1. The parties have met and conferred regarding each’s

proposed redactions and documents to be filed under seal, and no party opposes the requests of

any other party.

The parties’ respective 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

set forth below. While the parties acknowledge that the materials to be redacted or sealed are

judicial documents to which the presumption of public access attaches, they believe that in

balancing the competing considerations against the presumption of access, the Court should

grant the parties’ motion.

Defendants’ information. Defendants have substantially narrowed the scope of their

confidentiality designations with respect to Defendants’ discovery material previously

designated as Confidential or Highly Confidential and filed, quoted from, or referenced in the

Opposition Papers. The materials that Defendants wish to keep confidential and have filed in

redacted form or under seal are documents and testimony that discuss specific and sensitive

' Defendants’ Joint Memorandum of Law in Opposition to Plaintiffs’ Motion for Class Certification,

along with the supporting Declaration of Brandon Gould (“Gould Declaration”) and exhibits, were filed

on February 9, 2023, with restricted access. Dkt. Nos. 390-391. Included as exhibits to the Gould

Declaration were the Expert Report of John Chalmers (“Chalmers Report”) (Dkt. No. 391-1) and the

Expert Report of Glenn Hubbard (“Hubbard Report”) (Dkt. No. 391-2). Defendants’ Motion to Exclude

Expert Testimony, including the Memorandum of Law in Support of Defendant’s Motion to Exclude

Expert Testimony, and the supporting Declaration of S. Conrad Scott (“Scott Declaration”) were also

filed on February 9, 2023, with restricted access.

information related to Defendants’ rate-setting processes, handling of VRDO inventory and

inventory limits, and handling of bonds unable to be remarketed, among other items.

Filing these materials in redacted or sealed form is consistent with the standards for

sealing in the Second Circuit. Courts in the Second Circuit and the Southern District of New

York have held that it is appropriate to seal commercially sensitive “business information that

might harm a litigant’s competitive standing.” New York v. Actavis, PLC, No. 14-CV-7473

(RWS), 2014 WL 5353774, at *3 (S.D.N.Y. Oct. 21, 2014); see also City of Providence v. BATS

Glob. Markets, Inc., No. 14-CV-2811 (JMF), 2022 WL 539438, at *2 (S.D.N.Y. Feb. 23, 2022)

(allowing for sealing of documents based on potential harm to competitive standing). In order to

avoid creating a competitive disadvantage for a litigant, courts regularly allow the sealing of

commercially sensitive information, including “trade secrets, confidential research and

development information, marketing plans, revenue information, pricing information, and the

like.” Tyson Foods, Inc. v. Keystone Foods Holdings, Ltd., No. 1:19-CV-010125 (ALC), 2020

WL 5819864, at *2 (S.D.N.Y. Sept. 30, 2020).

The documents and testimony Defendants wish to keep confidential fall within the scope

of confidential and sensitive commercial information that should be sealed. These documents

include:

• Documents and testimony (and descriptions of the same) related to Defendants’ pricing

methodologies that provide specific information about analysis conducted and inputs

used to determine Defendants’ rates, and other specific processes related to rate-setting.

See Dkt. No. 389 at nn.7, 12, p. 23; Dkt. No. 388-1 at 136:2-12, 136:18-137:5, 207:6-7;

Dkt. No. 388-7 at 29:20-30:5, 30:13-20; Dkt. No. 388-8 at pp. 2-3; Dkt. No. 388-10 at

37:5-38:17; Dkt. No. 388-14 at 60:25-63:25, 78:16-80:14; Dkt. No. 388-15 at 49:15-

50:17; Dkt. No. 388-16 at 75:13-76:3; Dkt. No. 388-19 at 114:16-116:25; Dkt. No. 388-

20 at 138:19-139:25; Dkt. No. 388-22 at pp. 2-3; Dkt. No. 388-23 at p. 1; Dkt. No. 390 at

pp. 5-6 & n. 8; Dkt. No. 391-1 at p. 12 n.34, p. 16 & n.47, p. 28 n.99, p.48 n.177; Dkt.

No. 391-2 at p. 60 n.170, p. 81-82 nn. 236, 240, 244, pp. 90-103 & nn. 275-77, 280-85,

287-88, 290, 295-298, 300, 314, 318-21, 323, 325-26, 331-32, 334, 336-37, 339-40, p.

106 n.349. p. 107 n.360, p. 130, p. 159 n.455, p. 192 n.536, pp. 194-95 nn.544, 548, p.

.224 n.597; Dkt. No. 391-3 at 49:15-50:17, 54:5-55:9; Dkt. No. 391-6 at pp. 2-5; Dkt. No.

391-7 at 44:24-53:7; Dkt. No. 391-8 at pp. 2-3; Dkt. No. 391-9 at 99:19-101:16; Dkt. No.

391-12 at 84:12-85:17, 85:22-25, 86:11-25, 141:25-142:10; Dkt. No. 391-13 at 72:15-

78:14, 80:12-83:17, 114:2-117:24, 146:2-148:24; Dkt. No. 391-15; Dkt. No. 391-17 at

87:2-90:6, 178:7-179:6; Dkt. No. 391-18 at pp. 2-7; Dkt. No. 391-19 at 72:8-12, 86:12-

88:17, 94:23-24, Dkt. No. 391-20 at 165:2-168:12; Dkt. No. 391-21 at 45:6-46:12, 192:6-

193:16; Dkt. No. 391-22 at 63:2-64:16, 65:8-12, 72:15-24, 200:9-10, 200:23-24, 201:13-

202:14, Dkt. No. 391-23 at 248:23-251:25, 274:2-280:25; Dkt. No. 391-24 at 97:2-99:23,

114:13-116:25, Dkt. No. 391-25 at 135:19-22; Dkt. No. 391-26 at p. 1; Dkt. No. 391-27

at pp. 2-3; Dkt. No. 391-29; Dkt. No. 391-30 at 147:12-150:25; Dkt. No. 391-31 at 53:2-

22, 54:2-55:3, 55:5-18, 55:24-56:12, 56:16-20, 57:8-10, 57:17-25; Dkt. No. 391-32 at

35:12-36:22; Dkt. No. 391-35 at 95:3-18; Dkt. No. 391-36 at 57:2-10, 58:23-59:5, 59:23-

60:3; Dkt. No. 391-40 at 97:17-98:17, 99:8-100:23; Dkt. No. 391-41 at 56:10-59:8; Dkt.

No. 391-83 at 29:12-30:13; Dkt. No. 391-84 at p. 3; Dkt. No. 391-85 at pp. 1-2; Dkt. No.

391-87 at pp. 2-6. Disclosure of this information would allow competitors to essentially

re-create portions of Defendants’ proprietary pricing methodologies and rate-setting

processes. While some of these materials may be from before 2010, similar or identical

processes are still in place today

• Testimony related to Defendants’ handling of bonds they were unable to remarket. See

Dkt. No. 391-78 at 183:4-10. Disclosure of this information would allow competitors to

strategically market their handling of similar circumstances against Defendants’

practices.

• Documents and testimony (and descriptions of same) related to Defendants’ tracking of

VRDO inventory, inventory levels on specific CUSIPs, handling of inventory, and

inventory limits. See Dkt. No. 388-10 at 109:19-110:7; Dkt. No. 388-15 at 96:5-25; Dkt.

No. 391-1 at p. 50, pp. 133-35 & nn. 473, 477, 480, 484, p. 140, p. 142 & n.516, pp. 146-

47 & nn. 538-40, pp. 152, 158, 168, 171-72, Appendix D: Exhibits 39, 41, 42, 45, 53;

Dkt. No. 391-2 at p. 256 nn. 652, 654-55, p. 257 n.658, pp. 260-61 & nn.662, 665, pp.

263-64 & nn. 672, pp. 267-68 & nn. 679-80, 682-83, pp. 270-71 & nn.688, pp. 691-92;

Dkt. No. 391-42 at 28:9-29:4; Dkt. No. 391-78 at 183:4-10, 184:6-186:24. Disclosure of

this information would allow competitors to evaluate Defendants’ specific risk limits and

inventory systems, and to adjust their processes to compete against Defendants

accordingly.

• Documents and testimony (and descriptions of same) related to comparisons of

Defendants’ rates to competitors, client development strategies, and positioning in the

market. See Dkt. No. 388-20 at 137:4-138:13; Dkt. No. 391-2 at pp. 39-41 nn.116, 118,

p.46 n.133, pp. 47-48 nn.137, 138, p. 162 n.467; Dkt. No. 391-77 at 124:21-25.

Disclosure of these materials could allow competitors to strategically position themselves

against Defendants, to the competitive detriment of Defendants.

• Documents and testimony (and descriptions of same) related to remarketing fees charged

by Defendants. See Dkt. No. 391-2 at p. 47 n.138; Dkt. No. 391-19 at 115:2-14.

Disclosure of this information could allow competitors to strategically position

themselves against Defendants, to the competitive detriment of Defendants.

• Documents and testimony (and descriptions of the same) related to costs associated with

carrying VRDOs on Defendants’ books. See Dkt. No. 388-22 at p. 2; Dkt. No. 391-2 at

p.61 n.174; Dkt. No. 391-6 at p. 3; Dkt. No. 391-8 at p. 2; Dkt. No. 391-78 at 184:6-19,

185:3-186:24. Similar to the materials discussed above, disclosure of these materials

could allow competitors to position themselves favorably against Defendants in the

market.

• Documents and testimony (and descriptions of the same) related to internal strategy and

presentations, and compliance decisions and procedures of Defendants. See Dkt. No.

388-11 at 19:21-20:16; Dkt. No. 388-18 at 28:9-29:5; Dkt. No. 391-2 at p. 155 nn. 444-

45, p. 239 n.623, p. 246 n.639; Dkt. No. 391-24 at 199:7-25, 232:3-235:25. Disclosure of

this sensitive strategy and compliance material would allow great access into Defendants’

internal decision-making processes, that could be used to Defendant’s disadvantage.

• Descriptions and quotes from documents and testimony related to advice provided to

clients of Defendants, and Defendants’ clients’ discussions of proprietary financing

strategies. See Dkt. No. 391-1 at p. 63 & n.232; Dkt. No. 391-2 at p. 167 n. 482, p. 173

n.499. Similar to the materials discussed above, disclosure of these materials could

allow competitors to position themselves favorably against Defendants in the market.

• Documents and testimony (and descriptions of same) related to government

investigations into VRDOs. See Dkt. No. 391-2 at p. 143 & n.407; Dkt. No. 391-86; Dkt.

No. 391-84 at p. 3; Dkt. No. 391-86 at p. 2. Government regulators have kept these

investigations confidential and they have not been publicly disclosed.

Plaintiffs’ information. In response to Defendants’ extensive citation to, and discussion of,

internal financial matters of the Named Plaintiffs found in confidential discovery material, and

consistent with the legal authorities cited above, Plaintiffs request the sealing of only certain

confidential information in three specific categories:

• Documents and testimony related to the Named Plaintiffs’ financial strategies for and

performance of VRDO issuances. See Dkt. No. 390 at pp. 15-16 & n.20, p. 45 n.54, p. 48

n.62; Dkt. No. 391-1 at p. 8, p. 9 n.23, p. 18 n.55, p. 19 n.62, pp. 20-21 & nn.63-65, 69-

70, pp. 23-24 & nn.77-78, 83, p. 32, p. 49 n.177, p. 50 n.179, p. 52 & n.186, p. 54 n.195,

p.62 & n.229, p. 72 n.253, p. 134-35, p. 146, p. 148 n.548, p. 168; Dkt. No. 391-2 at p.

36 n.108, pp. 39-40 n.116, pp. 41-42 & n.120-21, p. 44 n.128, pp. 46-47 & nn.136-37, p.

150 n.428, p. 173 n.497, p. 256 & n.655, p. 260 & n.663, p.261 & n.666, p.263 & n.672,

p.270 n.690; Dkt. No. 391-45; Dkt. No. 391-46; Dkt. No. 391-66; and Dkt. No. 391-69.

• Documents and testimony related to the Named Plaintiffs’ entry into interest rate swaps,

including the confidentially negotiated economic terms thereof. See Dkt. No. 390 at p.

35, p. 36 n.34, p. 37 & n.37, p. 40 & nn.45-46, p. 41 n.48, p. 42 n.49; Dkt. No. 391-1 at p.

72 n.253, pp. 73-74 & nn.254, 257-58, p. 74 & n.258, p. 75 & nn.262-63, pp. 76-81, p. 82

& n.291, p.84 & n.310, p. 85 & n.311, p. 88 & n.322, p. 90 & n.325, p. 91 & n.327, p. 93

& n.339, p. 94 nn.339, 342, p. 96 & n.352, p. 97 & nn.357-59, pp. 98-99 & nn.363-64,

368, p. 100 nn.368, 370-71, p. 101 Ex. 25, pp. 114-15, p. 137, p. 162-63, Appx. D–Ex.

22, Appx. D–Ex. 28 n.1, Appx. D–Ex. 34; Dkt. No. 391-44; Dkt. No. 391-50; Dkt. No.

391-61; Dkt. No. 391-63; Dkt. No. 391-66; Dkt. No. 391-68; and Dkt. No. 391-79.

• Sensitive material in the expert report of Plaintiffs’ expert Professor William Schwert,

which quantifies the impact of Defendants’ alleged artificial inflation of VRDO rates and

calculates his initial estimate of class damages therefrom (the same subject matter the

Court permitted to be sealed when granting temporarily the Parties’ December 1, 2022

joint letter motion to seal that was filed in connection with Plaintiffs’ motion for class

certification (Dkt. No. 372)). See Dkt. No. 390 at p. 18, p. 24; Dkt. No. 391-1 at p. 12,

Ex. 1, p. 14 Ex. 2 & n.42, p. 22 Ex. 3, p. 36 & n.132, p. 50, p. 63 Ex. 13, p. 66 & Ex. 15,

p.68 n.244, p. 69, p. 70, pp. 76-84 & Ex. 20-22, p. 86, p. 101 Ex. 25, p. 117 Ex. 36, p.

128, p. 129, p. 130 & n.466, p. 136, p. 138, p. 144 & n.526, p. 148, p. 149, p. 153, p. 154,

p.156, p. 161, p. 166, p. 167, p. 169, p. 179, Appx. D–Exs. 1-3, Appx. D–Ex. 13, Appx.

D–Ex. 15, Appx. D–Exs. 20-22, Appx. D–Ex. 36; Dkt. No. 391-2 at p. 7, p. 50, p. 176,

p.177, p. 197, p. 203, p. 208, p. 211, p. 213, p. 220, p. 247, p. 248, p. 257 & n.659.

Third party information. Defendants, on behalf of third parties, also request permission

to seal or redact, as applicable, certain confidential business and personal information of third

parties that is quoted and discussed in the Opposition Papers. The relevant third parties provided

such information during discovery pursuant to document and deposition subpoenas, and subject

to the Stipulated Protective Order. Defendants have contacted all relevant third parties to request

permission to disclose this information publicly, but in some cases have not received permission

from third parties to do so.

Because it could be commercially harmful to the third parties to publicly disclose such

information, courts in this District have held that third-party confidential information warrants

sealing over public access. See, e.g., Dodona I, LLC v. Goldman, Sachs & Co., 119 F. Supp. 3d

152, 156-57 (S.D.N.Y. 2015) (finding that sensitive personal information of employees and third

parties, as well as customer information regarding trading strategies, objectives, and transactions,

constitute the “type of information [that] overcomes the presumption of public disclosure”); see

also United States v. Amodeo, 71 F.3d 1044, 1050 (2d Cir. 1995) (“We have previously held that

‘[t]he privacy interests of innocent third parties . . . should weigh heavily in a court’s balancing

equation.’”) (citations omitted). Accordingly, sensitive third-party information has been

authorized to be redacted from a motion for class certification. Valelly v. Merrill Lynch, Pierce,

Fenner & Smith Inc., 2022 U.S. Dist. LEXIS 140126, at *2-4 (S.D.N.Y. Aug. 4, 2022). To the

extent that Defendants receive permission from additional third parties to file these materials

publicly, Defendants will notify the Court and modify this request accordingly.

* * *

Accordingly, on behalf of the parties, Defendants respectfully request that the portions of

Defendants’ memoranda of law in opposition to class certification and to exclude expert

testimony, Defendants’ expert reports, Exhibits 1, 7, 8, 10, 11, 14-16, 18, 19, 20, 22, and 23 to

the Scott Declaration, and Exhibits 3, 6-9, 12, 13, 17-27, 29-33, 35, 36, 40-42, 79, 80, and 85-89

to the Gould Declaration, highlighted in green (as indexed in Exhibit 1 hereto) be permitted to be

filed in redacted form. All such materials are being filed with this letter-motion in both redacted

and highlighted form, in accordance with Rule 7.C.iii of the Court’s Individual Rules and

Practices in Civil Cases.2

On behalf of the parties, Defendants respectfully further request that Exhibit 12 to the

Scott Declaration and Exhibits 15, 44-46, 50, 57, 62, 64, 67-70, 72, 81, and 90 to the Gould

Declaration (as also indexed in Exhibit 1), which were filed under seal on February 9, 2023, be

permitted to remain under seal.

Respectfully submitted,

2 Defendants’ filings made on February 9, 2023 highlighted in yellow the relevant portions of certain

deposition transcripts cited in the Opposition Papers.

COVINGTON & BURLING LLP JONES DAY

By: s/ Robert D. Wick By: Michael P. Conway*

Andrew A. Ruffino Jayant W. Tambe

The New York Times Building Laura Washington Sawyer

620 Eighth Avenue Céalagh P. Fitzpatrick

New York, New York 10018 Meredith Christian

Telephone: (212) 841-1000 250 Vesey Street

aruffino@cov.com New York, NY 10281-1047

Telephone: (212) 326-3604

Robert D. Wick Fax: (212) 755-7306

Brandon Gould jtambe@jonesday.com

850 Tenth Street, N.W. lwsawyer@jonesday.com

Washington, D.C. 20001 cfitzpatrick@jonesday.com

Telephone: (202) 662-6000

rwick@cov.com Michael P. Conway

110 N. Upper Wacker Dr.

Attorneys for Defendants JPMorgan Chase Chicago, IL 60606

Bank, N.A., and J.P. Morgan Securities LLC Telephone: (312) 269-4145

Fax: (312) 782-8585

mconway@jonesday.com

Attorneys for Defendants Wells Fargo Bank,

N.A., Wachovia Bank, N.A., Wells Fargo

Funds Management, LLC, and Wells Fargo

Securities LLC

WILMER CUTLER PICKERING HALE SKADDEN, ARPS, SLATE,

AND DORR LLP MEAGHER & FLOM LLP

By: Noah Levine* By: Boris Bershteyn*

Noah Levine Boris Bershteyn

Chris Johnstone Lara Flath

7 World Trade Center Kamali P. Willett

250 Greenwich Street One Manhattan West

New York, NY 10007 New York, NY 10001

Telephone: (212) 230-8800 Telephone: (212) 735-3000

noah.levine@wilmerhale.com Fax: (917) 777-3834

chris.johnstone@wilmerhale.com boris.bershteyn@skadden.com

lara.flath@skadden.com

Heather Nyong’o kamali.willett@skadden.com

Cleary Gottlieb Steen & Hamilton LLP

650 California Street, Suite 2000 Gretchen Wolf

San Francisco, CA 94108 155 North Wacker Drive

Telephone: (650) 815-4140 Chicago, Illinois 60606

hnyongo@cgsh.com Telephone: (312) 407-0700

Fax: (312) 407-0411

Attorneys for Defendants Bank of America gretchen.wolf@skadden.com

Corporation, Bank of America, N.A., and

Merrill Lynch, Pierce, Fenner & Smith Attorneys for Defendants Barclays Bank PLC

Incorporated (including as successor in and Barclays Capital Inc.

interest to Banc of America Securities LLC)

PAUL, WEISS, RIFKIND, WHARTON & PAUL, WEISS, RIFKIND, WHARTON &

GARRISON LLP GARRISON LLP

By: Susanna M. Buergel* By: Robert Y. Sperling*

Brad S. Karp Robert Y. Sperling

Susanna M. Buergel Staci Yablon

1285 Avenue of the Americas William B. Michael

New York, NY 10019-6064 1285 Avenue of the Americas

Telephone: (212) 373-3553 New York, NY 10019-6064

Fax: (212) 492-0553 Telephone: (212) 373-3396

bkarp@paulweiss.com Fax: (212) 492-4018

sbuergel@paulweiss.com syablon@paulweiss.com

rsperling@paulweiss.com

Kenneth A. Gallo wmichael@paulweiss.com

Jane B. O’Brien

Lina Dagnew Paul D. Brachman

2001 K Street, NW 2001 K Street, NW

Washington, DC 20006-1047 Washington, DC 20006-1047

Telephone: (202) 223-7356 Telephone: (202) 223-7440

Fax: (202) 204-7356 Fax: (202) 379-4098

kgallo@paulweiss.com pbrachman@paulweiss.com

jobrien@paulweiss.com

ldagnew@paulweiss.com Attorneys for Defendant Goldman Sachs &

Co. LLC

Attorneys for Defendants Citigroup Inc.,

Citibank, N.A., Citigroup Global Markets

Inc., and Citigroup Global Markets Limited

O’MELVENY & MYERS LLP SHEARMAN & STERLING LLP

By: Sergei Zaslavsky* By: Adam S. Hakki*

Andrew J. Frackman Adam S. Hakki

Michael M. Klotz Grace J. Lee

7 Times Square 599 Lexington Avenue

New York, New York 10036 New York, NY 10022-6069

Telephone: (212) 326-2000 Telephone: (212) 848-4000

Facsimile: (212) 326-2061 Facsimile: (212) 848-7179

afrackman@omm.com adam.hakki@shearman.com

mklotz@omm.com grace.lee@shearman.com

Sergei Zaslavsky John F. Cove, Jr.

Adam Walker 535 Mission Street, 25th Floor

1625 Eye St, NW San Francisco, CA 94105-2997

Washington, D.C. 20006 Telephone: (415) 616-1100

Telephone: (202) 383-5300 Facsimile: (415) 616-1199

Facsimile: (202) 383-5414 john.cove@shearman.com

szaslavsky@omm.com

awalker@omm.com Attorneys for Defendants Morgan Stanley,

Morgan Stanley Smith Barney LLC, Morgan

Attorneys for Defendants The Royal Stanley & Co. LLC, Morgan Stanley Capital

Bank of Canada and RBC Capital Markets, Group Inc.

LLC

* Signatures used with permission pursuant to S.D.N.Y. ECF Rule 8.5(b).

cc: All counsel of record (via ECF)

Exhibit 1

Document Request for Location of Requested Redactions or

Redactions or to Redactions Sealing

Seal in Full? Requested By

Memorandum of Law Redactions Footnote 7 Defendants

in Support of Footnote 9 Defendants o/b/o

Defendants’ Motion third parties

to Exclude Expert Footnote 10 Defendants

Testimony (Dkt. No. Page 23 Defendants

389)

Scott Decl., Exhibit 1 Redactions Pages 136-37, 207 Defendants

(Dkt. No. 388-1)

Scott Decl., Exhibit 7 Redactions Pages 29-30 Defendants

(Dkt. No. 388-7)

Scott Decl., Exhibit 8 Redactions Pages 2-3 Defendants

(Dkt. No. 388-8)

Scott Decl., Exhibit Redactions Pages 37-38, 109-110 Defendants

10 (Dkt. No. 388-10)

Scott Decl., Exhibit Redactions Pages 19-20 Defendants

11 (Dkt. No. 388-11)

Scott Decl., Exhibit Seal Defendants o/b/o

12 (Dkt. No. 388-12) third parties

Scott Decl., Exhibit Redactions Pages 60-63, 78-80 Defendants

14 (Dkt. No. 388-14)

Scott Decl., Exhibit Redactions Pages 49-50, 96 Defendants

15 (Dkt. No. 388-15)

Scott Decl., Exhibit Redactions Pages 75-76 Defendants

16 (Dkt. No. 388-16)

Scott Decl., Exhibit Redactions Pages 28-29 Defendants

18 (Dkt. No. 388-18)

Scott Decl., Exhibit Redactions Pages 114-16 Defendants

19 (Dkt. No. 388-19)

Scott Decl., Exhibit Redactions Pages 137-39 Defendants

20 (Dkt. No. 388-20)

Scott Decl., Exhibit Redactions Pages 2-3 Defendants

22 (Dkt. No. 388-22)

Scott Decl., Exhibit Redactions Pages 1-2 Defendants

23 (Dkt. No. 388-23)

Defendants’ Joint Redactions Pages 5-6 & footnote 8 Defendants

Memorandum of Law Pages 15-16 & footnote 20 Plaintiffs

in Opposition to Page 18 Plaintiffs

Plaintiffs’ Motion for Page 24 Plaintiffs

Class Certification Page 35 Plaintiffs

(Dkt. No. 390) Footnote 34 Plaintiffs

Page 37 & footnote 37 Plaintiffs

Page 40 & footnote 45-46 Plaintiffs

Footnote 46 Defendants o/b/o

third parties

Footnote 48 Plaintiffs

Footnote 49 Plaintiffs

Footnote 54 Plaintiffs

Footnote 62 Plaintiffs

Footnote 53 Defendants o/b/o

third parties

Footnote 62 Defendants o/b/o

third parties

Declaration of Redactions Pages 5-7 Defendants o/b/o

Brandon Gould third parties

Expert Report of John Redactions Page 8 Plaintiffs

Chalmers (Dkt. No. Footnote 23 Plaintiffs

391-1) Page 12 Plaintiffs

Footnote 34 Defendants

Page 14 & footnote 42 Plaintiffs

Page 16 & footnote 47 Defendants

Footnote 55 Plaintiffs

Page 19 & footnotes 59, 61 Defendants o/b/o

third parties

Footnote 62 Plaintiffs

Pages 20-21 & footnotes Plaintiffs

63-65, 69-70

Page 22 Plaintiffs

Pages 23-24 & footnotes Plaintiffs

77-78, 83

Footnotes 79, 80 Defendants o/b/o

third parties

Footnote 99 Defendants

Page 32 Plaintiffs

Page 36 and footnote 132 Plaintiffs

Footnote 151 Defendants o/b/o

third parties

Footnote 177 Defendants

(redactions on

page 48)

Defendants o/b/o

third parties

(redactions on

page 49)

Plaintiffs

Footnote 179 Defendants o/b/o

third parties and

Plaintiffs

Page 50 Defendants and

Plaintiffs

Page 52 & footnote 186 Plaintiffs

Footnote 195 Plaintiffs

Page 62 & footnotes 229, Defendants o/b/o

230 third parties and

Plaintiffs

Page 63 & footnote 232 Defendants and

Plaintiffs

Page 66 Plaintiffs

Footnote 244 Plaintiffs

Pages 69-70 Plaintiffs

Footnote 253 Plaintiffs

Pages 73-74 & footnotes Plaintiffs

254, 257-58

Page 75 & footnotes 262- Plaintiffs

63

Footnotes 259, 270, 271 Defendants o/b/o

third parties

Pages 76-84 Plaintiffs

Pages 78-79 & footnotes Defendants o/b/o

277, 284 third parties

Footnote 289 Defendants o/b/o

third parties

Pages 81-82 & footnotes Defendants o/b/o

291-93 third parties

Page 82 & footnote 291 Plaintiffs

Pages 84-86 & footnotes Plaintiffs

310-11

Page 87 & footnote 318 Defendants o/b/o

third parties

Page 88 & footnote 322 Plaintiffs

Page 90 & footnote 325 Plaintiffs

Page 91 & footnote 327 Plaintiffs

Pages 91-92 & footnotes Defendants o/b/o

328, 332-33 third parties

Page 93 & footnote 339 Plaintiffs

Footnote 339, 342 Plaintiffs

Pages 96-99 & footnotes Defendants o/b/o

349, 351, 354, 356, 362, third parties

364-65

Page 96 & footnote 352 Plaintiffs

Page 97 & footnotes 357- Plaintiffs

59

Pages 98-99 & footnotes Plaintiffs

363-64, 368

Footnotes 368, 370-71 Plaintiffs

Footnotes 369, 371 Defendants o/b/o

third parties

Page 101 Plaintiffs

Pages 102-03 & footnotes Defendants o/b/o

378-79 third parties

Footnote 397 Defendants o/b/o

third parties

Page 114-15 Plaintiffs

Page 117 Plaintiffs

Footnotes 415-16 Defendants o/b/o

third parties

Page 118 & footnote 420 Defendants o/b/o

third parties

Footnote 431 Defendants o/b/o

third parties

Page 127 & footnote 456 Defendants o/b/o

third parties

Pages 128-30 & footnote Plaintiffs

466

Page 131 & footnote 467 Defendants o/b/o

third parties

Pages 133-35 & footnotes Defendants and

473, 477, 481, 484 Plaintiffs

Page 136-38 Plaintiffs

Footnote 495 Defendants o/b/o

third parties

Page 140 Defendants

Page 142 & footnote 516 Defendants

Page 143 & footnote 519 Defendants o/b/o

third parties

Footnote 526 Plaintiffs

Pages 146-47 & footnotes Defendants and

538-40 Plaintiffs

Pages 148-49 & footnote Defendants o/b/o

548 third parties and

Plaintiffs

Page 152 Defendants

Page 153-54 Plaintiffs

Page 156 Plaintiffs

Page 158 Defendants

Page 161-63 Plaintiffs

Footnote 587 Defendants o/b/o

third parties

Pages 166-67 Plaintiffs

Page 168 Defendants

Page 169 Plaintiffs

Pages 171-72 Defendants

Pages 175-77 & footnotes Defendants o/b/o

638, 644, 648 third parties

Page 179 Plaintiffs

Appendix D, Exhibits 1-3, Plaintiffs

13, 15, 20-22, 28 n.1, 34,

36

Appendix D, Exhibits 39, Defendants

41, 42, 45, 53

Expert Report of Redactions Page 7 Plaintiffs

Glenn Hubbard (Dkt. Footnote 108 Plaintiffs

No. 391-2) Footnote 116 Defendants and

Plaintiffs

Footnote 117 Defendants o/b/o

third parties

Footnote 118 Defendants

Pages 41-42 & footnotes Plaintiffs

120-21

Footnote 128 Plaintiffs

Footnote 133 Defendants

Pages 46-47 & footnotes Plaintiffs

136-37

Footnotes 137-38 Defendants

Page 50 Plaintiffs

Footnote 174 Defendants

Footnote 177 Defendants o/b/o

third parties

Footnote 234 Defendants

Page 81 & footnotes 236, Defendants

240

Footnote 244 Defendants

Pages 90-103 and footnotes Defendants

275-77, 280-85, 287-88,

290, 295-298, 300, 314,

318-21, 323, 325-26, 331-

32, 334, 336-37, 339-40

Footnote 349 Defendants

Footnote 360 Defendants

Page 130 Defendants

Page 143 & footnote 407 Defendants

Footnote 428 Plaintiffs

Footnote 444 Defendants

Footnote 455 Defendants

Footnote 467 Defendants

Footnote 482 Defendants o/b/o

third parties

Footnote 497 Plaintiffs

Footnote 499 Defendants

Page 176 Plaintiffs

Page 177 Plaintiffs

Footnote 536 Defendants

Footnote 544 Defendants

Page 197 Plaintiffs

Page 203 Plaintiffs

Page 208 Plaintiffs

Page 211 Plaintiffs

Page 213 Plaintiffs

Page 220 Plaintiffs

Footnote 623 Defendants

Footnote 639 Defendants

Page 247 Plaintiffs

Page 248 Plaintiffs

Page 256 & footnotes 652, Defendants

654-55

Page 256 & footnote 655 Plaintiffs

Footnote 658 Defendants

Page 257 & footnote 659 Plaintiffs

Pages 260-61 & footnote Defendants

662, 665

Page 260 & footnote 663 Plaintiffs

Page 261 & footnote 666 Plaintiffs

Pages 263-64 & footnote Defendants and

672 Plaintiffs

Pages 267-68 & footnotes Defendants

679-80, 682-83

Pages 270-71 and footnote Defendants and

688, 690-92 Plaintiffs

Gould Declaration Redactions Pages 49-50, 54-55 Defendants

Exhibit 3 (Dkt. No.

391-3)

Gould Declaration Redactions Pages 2-4 Defendants

Exhibit 6 (Dkt. No.

391-6)

Gould Declaration Redactions Pages 44-53 Defendants

Exhibit 7 (Dkt. No.

391-7)

Gould Declaration Redactions Pages 2-3 Defendants

Exhibit 8 (Dkt. No.

391-8)

Gould Declaration Redactions Pages 99-101 Defendants

Exhibit 9 (Dkt. No.

391-9)

Gould Declaration Redactions Pages 84-86, 141-42 Defendants

Exhibit 12 (Dkt. No.

391-12)

Gould Declaration Redactions Pages 72-78, 80-83, 114- Defendants

Exhibit 13 (Dkt. No. 17, 146-48

391-13)

Gould Declaration Seal Defendants

Exhibit 15 (Dkt. No.

391-15)

Gould Declaration Redactions Pages 87-90, 178-79 Defendants

Exhibit 17 (Dkt. No.

391-17)

Gould Declaration Redactions Pages 2-7 Defendants

Exhibit 18 (Dkt. No.

391-18)

Gould Declaration Redactions Pages 72, 86-88, 94, 115 Defendants

Exhibit 19 (Dkt. No.

391-19)

Gould Declaration Redactions Pages 165-68 Defendants

Exhibit 20 (Dkt. No.

391-20)

Gould Declaration Redactions Pages 45-46, 192-93 Defendants

Exhibit 21 (Dkt. No.

391-21)

Gould Declaration Redactions Pages 63-65, 72, 200-02 Defendants

Exhibit 22 (Dkt. No.

391-22)

Gould Declaration Redactions Pages 248-51, 274-80 Defendants

Exhibit 23 (Dkt. No.

391-23)

Gould Declaration Redactions Pages 97-99, 114-16, 199, Defendants

Exhibit 24 (Dkt. No. 232-235

391-24)

Gould Declaration Redactions Page 135 Defendants

Exhibit 25 (Dkt. No.

391-25)

Gould Declaration Redactions Pages 1-2 Defendants

Exhibit 26 (Dkt. No.

391-26)

Gould Declaration Redactions Pages 2-3 Defendants

Exhibit 27 (Dkt. No.

391-27)

Gould Declaration Redactions Defendants

Exhibit 29 (Dkt. No.

391-29)

Gould Declaration Redactions Pages 147-150 Defendants

Exhibit 30 (Dkt. No.

391-30)

Gould Declaration Redactions Pages 53-57 Defendants

Exhibit 31 (Dkt. No.

391-31)

Gould Declaration Redactions Pages 35-36 Defendants

Exhibit 32 (Dkt. No.

391-32)

Gould Declaration Redactions Errata Defendants

Exhibit 33 (Dkt. No.

391-33)

Gould Declaration Redactions Page 95 Defendants

Exhibit 35 (Dkt. No.

391-35)

Gould Declaration Redactions Pages 57-60 Defendants

Exhibit 36 (Dkt. No.

391-36)

Gould Declaration Redactions Pages 97-100 Defendants

Exhibit 40 (Dkt. No.

391-40)

Gould Declaration Redactions Pages 56-59 Defendants

Exhibit 41 (Dkt. No.

391-41)

Gould Declaration Redactions Pages 28-29 Defendants

Exhibit 42 (Dkt. No.

391-42)

Gould Declaration Seal Plaintiffs

Exhibit 44 (Dkt. No.

391-44)

Gould Declaration Seal Plaintiffs

Exhibit 45 (Dkt. No.

391-45)

Gould Declaration Seal Plaintiffs

Exhibit 46 (Dkt. No.

391-46)

Gould Declaration Seal Plaintiffs

Exhibit 50 (Dkt. No.

391-50)

Gould Declaration Seal Defendants o/b/o

Exhibit 57 (Dkt. No. third parties

391-56)

Gould Declaration Seal Plaintiffs

Exhibit 62 (Dkt. No.

391-61)

Gould Declaration Seal Defendants o/b/o

Exhibit 64 (Dkt. No. third parties and

391-63) Plaintiffs

Gould Declaration Seal Plaintiffs

Exhibit 67 (Dkt. No.

391-66)

Gould Declaration Seal Defendants o/b/o

Exhibit 68 (Dkt. No. third parties

391-67)

Gould Declaration Seal Plaintiffs

Exhibit 69 (Dkt. No.

391-68)

Gould Declaration Seal Plaintiffs

Exhibit 70 (Dkt. No.

391-69)

Gould Declaration Seal Defendants o/b/o

Exhibit 72 (Dkt. No. third parties

391-71)

Gould Declaration Redactions Page 124 Defendants

Exhibit 79 (Dkt. No.

391-77)

Gould Declaration Redactions Pages 183-86 Defendants

Exhibit 80 (Dkt. No.

391-78)

Gould Declaration Seal Plaintiffs

Exhibit 81 (Dkt. No.

391-79)

Gould Declaration Redactions Pages 29-30 Defendants

Exhibit 85 (Dkt. No.

391-83)

Gould Declaration Redactions Page 3 Defendants

Exhibit 86 (Dkt. No.

391-84)

Gould Declaration Redactions Pages 1-2 Defendants

Exhibit 87 (Dkt. No.

391-85)

Gould Declaration Redactions Page 2 Defendants

Exhibit 88 (Dkt. No.

391-86)

Gould Declaration Redactions Pages 2-6 Defendants

Exhibit 89 (Dkt. No.

391-87)

Gould Declaration Seal Defendants o/b/o

Exhibit 90 (Dkt. No. third parties

391-88)