IN RE DIDI GLOBAL INC. SECURITIES LITIGATION
Trial Court Opinion
2.4470 VOUOIOU YEP LAULLICTIL Gost cw Faye □□□ The Rosen Law Firm INVESTOR COUNSEL Au gust 4, 2025 i □□ ania ounce ot antag ea cease □ un & my □ BY ECF USBC SDNY — | DOCUMENT □ The Hon. Lewis A. Kaplan ELECTRONICALLY FILED i United States Judge POC #: U.S. District Court, Southern District of New York HATE FILED. & 7S” Pearl Street qe oe New York, New York 10007 eee eee Re: □□ □□ Didi Global Inc. Securities Litigation, Case No. 1:21-cv-05807 Dear Judge Kaplan: We represent Lead Plaintiff Alaka Holdings Ltd., and named plaintiffs Shereen El-Nahas, Daniil Alimov, Bosco Wang, and Njal Larson (collectively, “Plaintiffs”), in the above-referenced matter. Pursuant to the Confidentiality Stipulation and Protective Order, entered on May 22, 2024 (ECF 190), and SDNY Local ECF Rule 6.8, we write to request permission to file under seal unredacted versions of Plaintiffs’ Response to Defendants’ Objection to the Report & Recommendation on Class Certification.
Absent a consent of the designating party or a contrary Order from this Court, the Confidentiality Stipulation and Protective Order requires Plaintiffs to file the above-referenced document under seal pursuant to DiDi’s designation. ECF 190, at {14 (“Absent the consent of the producing party under this Section or order of the Court, the receiving party shall file the Confidential or Attorney’s Eyes Only Information under seal.”) DiDi has designated the materials at issue “CONFIDENTIAL” or “ATTORNEYS’ EYES ONLY” pursuant to the Confidentiality Stipulation and Protective Order. Plaintiffs do not concede the propriety of maintaining this material under seal and note that “{t]he burden of demonstrating that a document submitted to a court should be sealed rests on the party seeking such action, in this case [djefendants.” DiRussa v. Dean Winter Reynolds Inc., 121 F.3d 818, 826 (2d Cir. 1997), There is a presumption favoring access to judicial records, but “the decision as to access is best left to the sound discretion of the trial court, a discretion to be exercised in light of the relevant facts and circumstances of the particular case.” Nixon v. Warner Communications, 435 U.S. 589, 599, 98 S, Ct. 1306, 1312, 55 L.Ed.2 570 (1978). The public interest (and thus, the presumption of access) may be weaker in connection with documents exchanged in discovery than those attached to or referenced in public filings. See United States v. Amodeo, 7\ F.3d 1044, 1048-49 (2nd Cir. 1995) (measuring weight of presumption of access by “role of material at issue in the exercise of Article [I judicial power”); see also Chicago Tribune Co. v. Bridgestone/Firestone, Inc., 263 F.3d 1304, 1312 (11th Cir. 2001) (stating that the rule that “material filed with discovery motions is not subject to the common-law right of access, whereas discovery material filed in connection with pretrial motions that require judicial resolution of the merits is subject to the common-law right.”). However, the determination as to whether to seal remains with the Court; the agreement of the parties, is irrelevant to the propriety of granting a motion to seal. See Brown v. Advantage Eng’g, Inc., 960 F.2d 1013, 1016 THe LawWFirav.PA. NMapIson AVENUE. 40% FLooR New Yore NY10016 Te: (212)686-1060 Fax: (212) 202-3897 Case □□□□□□□□□□□□□□□□□□□□□□ Document Fleg On/i04'z5 rage 4 OFo (11th Cir. 1992) (stating it is “immaterial” whether the parties have agreed to seal the record when determining whether a document should be publicly filed).
While Plaintiffs do not concede (or agree) that DiDi has established a basis to designate these materials as Confidential or Attorneys’ Eyes Only—let alone to support sealing of judicial records—we submit this Motion, to the Court’s sound discretion, in accordance with the 14 of the Confidentiality Stipulation and Protective Order.
The Appendix below lists the parties and their counsel of record who should have access to the sealed documents.
Respectfully Submitted, /s/ Laurence Rosen Laurence Rosen ce: All counsel of record via ECF Dmoriil aan, OA OFF BRarecras Aureknie AMHR mon )3 klqoaVnpov AIV ANAC OTe: (94 E2eR _ANKN $3 Cav: '94959N9 □□□□□□ Case 1:21-cv-05807-LAK-VF Document532 Filed Q8/O4/25 Page sdio Appendix — Parties and Counsel to be Permitted Access Defendants Defendants Goldman Sachs (Asia) L.L.C,, Morgan Stanley & Co, LLC, J.P, Morgan Securities LLC, BofA Securities Inc.. Barclays Capital Inc.. Citigroup Global Markets Inc, China Renaissance Securities (US) Inc.. HSBC Securities (USA) Inc.. UBS Securities LLC, and Mizuho Securities USA LLC O'MELVENY & MYERS LLP Jonathan Rosenberg Abby F, Rudzin Defendant DiDi Global Inc, SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP Michael Charles Griffin Robert Alexander Fumerton Scott D, Musoff QUINN EMANUEL URQUHART & SULLIVAN LLP Renita Sharma Richard Corey Worcester Sam Cleveland Defendants Will Wei Cheng, Alan Yue Zhuo, Jean. Oing Liu, and Jingshi Zhu QUINN EMANUEL URQUHART & SULLIVAN LLP Renita Sharma Richard Corey Worcester Defendant Zhiyi Chen WILSON SONSINI GOODRICH & ROSATI, P.C.
Sheryl Shapiro Bassin Alexander Luhring Ignacio E. Salceda Defendant Martin Chi Ping Lau GIBSON, DUNN & CRUTCHER LLP Matthew Stewart Khan Kevin James White Michael BD. Celio Case 1:21-cv-05807-LAK-VF Document532 Filed 08/04/25 Page 4 oro Defendant Kentare Matsui BLANK ROME LLP Andrew Mitchell Kaufman Emily Grasso SULLIVAN AND CROMWELL Jefferey T. Scott QUINN EMANUEL URQUHART & SULLIVAN LLP Renita Sharma Richard Corey Worcester Defendant Daniel Yong Zhang SIMPSON THACHER & BARTLETT LLP Bo Bryan Jin Stephen Patrick Blake QUINN EMANUEL URQUHART & SULLIVANT LLP Renita Sharma Richard Corey Worcester AKIN GUMP STRAUSS HAUER & FELD LLP Ziwei Xiao Defendant Adrian Perica SULLIVAN & CROMWELL LLP Alexander J. Willscher QUINN EMANUEL URQUHART & SULLIVAN LLP Renita Sharma Richard Corey Worcester Plaintiffs THE ROSEN LAW FIRM, P.A.
Laurence M. Rosen Jing Chen Case 1:21-cv-05807-LAK-VF Document532 Filed 08/04/25 Pages Daniel Tyre-Karp Robin Howald Yitzchok Fishbach Eric Bi GLANCY PRONGAY & MURRAY LLP Kara Wolke Leanne Heine Solish SOQ bf EREYY / 4 8/51 Vila wt, ” —_— Nod er LEWIS A. KAPDAW, USDI
Case-law data current through December 31, 2025. Source: CourtListener bulk data.