| As Jane Street Sues
Millennium Must List Trade Secrets
by May 13 Then Discovery to
November
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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