In re Global Brokerage, Inc. f/k/a FXCM Inc. Securities Litigation ( 2020 )

King & Spalding LLP KING & SPALDI NG 1185 Avenue of the Americas I uspc SDNY ae ear ae New York, NY 10036-4003 | soctnener Tel: +1 212 556 2100 | ELECTRONICALLY FILED nee DOC #: _ DATE FILED:__ 6/15/20 June 12, 2020 “ty Via Electronic Filing The Honorable Barbara Moses Daniel Patrick Moynihan United States Courthouse 500 Pearl Street, Courtroom 20A New York, NY 10007 Re: □□ □□ Global Brokerage, Inc. f/k/a FXCM, Inc. Securities Litigation, Case No. 1:17-cv- 00916-RA-BCM Dear Judge Moses: Plaintiffs Shipco Transport Inc., E-Global Trade and Finance Group, Inc., and 683 Capital Partners, LP, and Defendants Global Brokerage, Inc. f/k/a FXCM, Inc., Dror Niv, and William Ahdout jointly request leave to file under seal Exhibit 9 to Declaration of Israel Dahan. Exhibit 9 contains excerpts of the deposition of Mr. Joseph Patt, which Plaintiffs have designated as Confidential pursuant to the Protective Order (ECF 144). Plaintiffs seek to have these narrow selections redacted because they contain non-public information about Mr. Patt’s personal finances which have no bearing on this case, and commercially sensitive information concerning the clients and investment strategy of 683 Capital Partners. Consistent with Paragraphs 4 and 6 of the Protective Order and this Court’s Individual Rules of Practice, Defendants have filed publicly a redacted version of Exhibit 9,and are hereby filing under seal a version with the redactions to Exhibit 9 highlighted for the Court. [Signature page follows] June 12, 2020 Page 2 THE ROSEN LAW FIRM, P.A. KING & SPALDING LLP /s/ Joshua Baker /s/ Israel Dahan Phillip Kim Paul R. Bessette Laurence M. Rosen Israel Dahan Joshua Baker Peter Isajiw 275 Madison Avenue, 40th Floor Evan C. Ennis New York, New York 10016 1185 Avenue of the Americas Telephone: (212) 686-1060 New York, New York 10036-2601 Fax: (212) 202-3827 Tel: (212) 556.2100 Email: pkim@rosenlegal.com Fax: (212) 556.2200 Email: lrosen@rosenlegal.com Email: jbaker@rosenlegal.com Rebecca Matsumura, pro hac vice Lead Counsel for Lead Plaintiffs 500 W. 2nd Street Suite 1800 Austin, Texas 78701 WOLF HALDENSTEIN ADLER Tel: (512) 457.2000 FREEMAN & HERZ LLP Fax: (512) 457.2100 Matthew M. Guiney Attorneys for Defendants 270 Madison Avenue New York, NY 10016 Tel: (212) 545-4600 Email: guiney@whafh.com Additional Counsel APPLICATION GRANTED. Having reviewed the document as to which sealing is requested, the Court notes that the redactions are minimal and are narrowly tailored to protect the privacy of a witness’s personal financial information and the confidentiality of non-public information concerning a party’s investment strategy and results, the disclosure of which could harm its competitive standing. The Court therefore concludes that, for substantially the reasons set forth in the parties’ joint letter, the presumption of public access applicable to all judicial documents is outweighed, in the case of Exhibit 9, by “competing considerations,” Lugosh v. Pyramid Co. of Onandaga, 435 F.3d 110, 119-20 (2d Cir. 2006). Cow Barbara Moses, U.S.M.J. June 15, 2020 37032401.v1