KSFB Management, LLC v. Galway Holdings, LP

District Court, S.D. New York

KSFB Management, LLC v. Galway Holdings, LP

Trial Court Opinion

ELECTRONICALLY FILED f| A. poe Oo enoad NORTON ROSE FULBRIGHT June 25, 2024 Norton Rose Fulbright US LLP . . ae 1301 Avenue of the Americas Via Electronic Filing New York, New York 10019-6022 United States of America The Hon. Valerie Caproni, U.S.D.J. th aM k : : : omas J. lviccormac! United States District Court, S.D.N.Y. Direct line +1212 408 5182 40 Foley Square, Room 240 [email protected] New York, New York 10007 Tel +1 212 318 3000 Fax +1 212 318 3400 MEMO ENDORSED nortonrosefulbright.com Re: | KSFB Management LLC v. Galway Holdings, LP, No. 1:24-CV-04424-VEC/KHP, Letter Motion for Approval of Redacted Filing of Certain Exhibits Dear Judge Caproni: We represent Plaintiff KSFB Management, LLC (“KSFB”) in the above-referenced action. Pursuant to Rule 5 of Your Honor’s Individual Practices in Civil Cases, we write to request that the Court approve KSFB’s redacted filing of Exhibits B and E to the Declaration of Micky Segal in Support of Plaintiff's Motion for Preliminary Injunction and Temporary Restraining Order dated June 25, 2024 (the “Segal Declaration”). KSFB respectfully submits that Exhibits B and E contain confidential business information and trade secret information of KSFB that should be protected from public disclosure by appropriate redactions. Exhibit B is a proposed Account Purchase Agreement between KSFB and Defendant Galway Holdings, L.P. (“Galway”). KSFB seeks to redact statements therein assigning an EBIDTA value to a portion of KSFB’s business based on confidential and commercially sensitive business information previously disclosed to Galway. Exhibit E is a letter from a confidential client requesting a transition of their business from KSFB to Galway. KSFB seeks to redact therefrom the name of that confidential client. KSFB’s client list is part of its sensitive proprietary information and a trade secret at issue in this case. As this Court has recognized, “the need to protect sensitive proprietary information is a countervailing interest that outweighs the presumption of access to judicial documents set forth in Lugosch v. Pyramid Co. of Onondaga,

435 F.3d 110, 124

(2d Cir. 2006) and justifies the sealing” of an exhibit. ECF No. 14 at 2. Here KSFB seeks to file Exhibits B and E to the Segal Declaration with limited redactions in furtherance of that interest. KSFB will file under seal unredacted copies of those exhibits with its proposed redactions highlighted. Accordingly, KSFB respectfully requests the Court approve the redacted filing of Exhibits B and E to the Segal Declaration. Thank you for the Court’s attention to this matter.

Norton Rose Fulbright US LLP is a limited liability partnership registered under the laws of Texas. Norton Rose Fulbright US LLP, Norton Rose Fulbright LLP, Norton Rose Fulbright Australia, Norton Rose Fulbright Canada LLP and Norton Rose Fulbright South Africa Inc are separate legal entities and all of them are members of Norton Rose Fulbright Verein, a Swiss verein. Norton Rose Fulbright Verein helps

The Hon. Valerie Caproni, U.S.D.J. NORTON ROSE FULBRIGHT June 25, 2024 Page 2 Respectfully submitted, /s/ Thomas J. McCormack Thomas J. McCormack

cc: All Counsel of Record (by electronic filing and email)

Application GRANTED. The need to protect sensitive proprietary information is a countervailing interest that outweighs the presumption of access to judicial documents set forth in Lugosch v. Pyramid Co. of Onondaga,

435 F.3d 110, 124

(2d Cir. 2006) and justifies the narrowly tailored redactions in the publicly filed exhibits to the Segal Declaration at Dkt. 17. The unredacted versions of the exhibits to the Segal Declaration at Dkt. 20 may remain under seal. SO ORDERED. Velen, lo 6/26/2024 HON. VALERIE CAPRONI UNITED STATES DISTRICT JUDGE

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