Case 3:20-cv-05784-ZNQ-DEA Document 200 Filed 12/06/23 Page 1 of 6 PageID: 6989
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`UNITED STATES DISTRICT COURT
`FOR THE DISTRICT OF NEW JERSEY
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`OANDA CORPORATION,
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`Plaintiff,
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`v.
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`GAIN CAPITAL HOLDINGS, INC., and
`GAIN CAPITAL GROUP, LLC,
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`Defendants.
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`Civil Action No. 20-05784-ZNQ-DEA
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`ORDER GRANTING
`MOTION TO SEAL
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`DOCUMENT FILED
`ELECTRONICALLY
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`THIS MATTER having been brought before the Court upon the Motion of Defendants
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`GAIN Capital Holdings, Inc. and GAIN Capital Group, LLC (“Defendants”) pursuant to Local
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`Civil Rule 5.3(c), to permanently seal portions of 1) OANDA’s Brief in Support of Motion to
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`Compel Production of Data from GAIN’s JIRA System (ECF No. 173); (2) the Declaration of
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`Shaun Paisley in Support of OANDA’s Motion to Compel Production of Data from GAIN’s JIRA
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`System (ECF No. 173-1); (3) Exhibit 4 to the Declaration of Shaun Paisley (ECF No. 173-1); (4)
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`Defendants’ Opposition to OANDA’s Motion to Compel Production of Data from GAIN’s JIRA
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`System (ECF No. 178); (5) Exhibits 3, 4, 6, 9-12 to the Declaration of Natalie J. Morgan in Support
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`of Defendants’ Opposition to OANDA’s Motion to Compel Production of Data from GAIN’s JIRA
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`System (ECF No. 176-3, 176-4, 176-6, 176-9 to 176-12); (6) Declaration of David Leach in
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`Support of Defendants’ Opposition to OANDA’s Motion to Compel Production of Data from
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`GAIN’s JIRA System (ECF No. 176-13); (7) Declaration of Goran Stanic in Support of
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`Defendants’ Opposition to OANDA’s Motion to Compel Production of Data from GAIN’s JIRA
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`System (ECF No. 176-14); and (8) Declaration of Arraaf Mochny in Support of Defendants’
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`Opposition to OANDA’s Motion to Compel Production of Data from GAIN’s JIRA System (ECF
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`No. 176-15) (collectively, the “Confidential Documents”); and the Court having considered the
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`UNITED STATES DISTRICT COURT
`FOR THE DISTRICT OF NEW JERSEY
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`
`
`
`OANDA CORPORATION,
`
`
`Plaintiff,
`
`
`v.
`
`GAIN CAPITAL HOLDINGS, INC., and
`GAIN CAPITAL GROUP, LLC,
`
`
`Defendants.
`
`Civil Action No. 20-05784-ZNQ-DEA
`
`ORDER GRANTING
`MOTION TO SEAL
`
`DOCUMENT FILED
`ELECTRONICALLY
`
`
`
`
`
`
`
`
`THIS MATTER having been brought before the Court upon the Motion of Defendants
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`GAIN Capital Holdings, Inc. and GAIN Capital Group, LLC (“Defendants”) pursuant to Local
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`Civil Rule 5.3(c), to permanently seal portions of 1) OANDA’s Brief in Support of Motion to
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`Compel Production of Data from GAIN’s JIRA System (ECF No. 173); (2) the Declaration of
`
`Shaun Paisley in Support of OANDA’s Motion to Compel Production of Data from GAIN’s JIRA
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`System (ECF No. 173-1); (3) Exhibit 4 to the Declaration of Shaun Paisley (ECF No. 173-1); (4)
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`Defendants’ Opposition to OANDA’s Motion to Compel Production of Data from GAIN’s JIRA
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`System (ECF No. 178); (5) Exhibits 3, 4, 6, 9-12 to the Declaration of Natalie J. Morgan in Support
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`of Defendants’ Opposition to OANDA’s Motion to Compel Production of Data from GAIN’s JIRA
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`System (ECF No. 176-3, 176-4, 176-6, 176-9 to 176-12); (6) Declaration of David Leach in
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`Support of Defendants’ Opposition to OANDA’s Motion to Compel Production of Data from
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`GAIN’s JIRA System (ECF No. 176-13); (7) Declaration of Goran Stanic in Support of
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`Defendants’ Opposition to OANDA’s Motion to Compel Production of Data from GAIN’s JIRA
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`System (ECF No. 176-14); and (8) Declaration of Arraaf Mochny in Support of Defendants’
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`Opposition to OANDA’s Motion to Compel Production of Data from GAIN’s JIRA System (ECF
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`No. 176-15) (collectively, the “Confidential Documents”); and the Court having considered the
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`Case 3:20-cv-05784-ZNQ-DEA Document 200 Filed 12/06/23 Page 2 of 6 PageID: 6990
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`papers submitted in support of the within Motion; and the Court having found that the standards
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`of Local Civil Rule 5.3(c)(3) have been met and support the sealing of the Confidential Documents
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`as set forth below; and for the reasons set forth in the record of the proceedings, and for other and
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`good cause having been shown;
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`The Court adopts the following Findings of Fact and Conclusions of Law:
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`I.
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`The Nature of the Materials or Proceedings at Issue
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`A.
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`Findings of Fact
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`1.
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`Defendants seek to permanently seal its confidential information in the
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`Confidential Document.
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`2.
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`Local Civil Rule 5.3(c) requires the moving party to show:
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`the nature of the materials or proceedings at issue;
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`the legitimate private or public interests which warrant the relief sought;
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`the clearly defined and serious injury that would result if the relief sought
`is not granted; and
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`(a)
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`(b)
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`(c)
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`(d)
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`why a less restrictive alternative to the relief sought is not available.
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`3.
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`The Confidential Documents that are the subject of this Motion reveal,
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`contain and/or reflect sensitive proprietary commercial and business information regarding
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`Defendants’ products and business operations and has been designated as such under the Discovery
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`Confidentiality Order entered in this matter (ECF No. 43). Further, this proprietary information is
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`presently confidential and unavailable to the public.
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`B.
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`Conclusions of Law
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`4.
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`Common law recognizes a public right of access to judicial proceedings and
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`records. Goldstein v. Forbes (In re Cendant Corp.), 260 F.3d 183, 192 (3d Cir. 2001) (citing
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`Littlejohn v. BIC Corp., 851 F.2d 673, 677-78 (3d Cir. 1988)). The party seeking to seal any part
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`2
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`Case 3:20-cv-05784-ZNQ-DEA Document 200 Filed 12/06/23 Page 3 of 6 PageID: 6991
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`of a judicial record bears the burden of demonstrating that “the material is the kind of information
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`that courts will protect.” Miller v. Indiana Hosp., 16 F.3d 549, 551 (3d Cir. 1994) (quoting
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`Publicker Indus., Inc. v. Cohen, 733 F.2d 1059, 1071 (3d Cir. 1984)).
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`5.
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`This Court has the power to seal where confidential information may be
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`disclosed to the public. Fed. R. Civ. P. 26(c)(1)(G) allows the court to protect materials containing
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`“trade secret[s] or other confidential research, development, or commercial information[,]” upon
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`motion by a party, to prevent harm to a litigant’s competitive standing in the marketplace. See
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`Zenith Radio Corp. v. Matsushita Elec. Indus. Co., Ltd., 529 F. Supp. 866, 889-91 (E.D. Pa. 1981).
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`II.
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`The Legitimate Private or Public Interest That Warrants the Relief Sought
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`A.
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`Findings of Fact
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`6.
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`The Confidential Documents sought to be sealed consist of information that
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`Defendants assert is confidential and proprietary.
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`7.
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`Defendants have an interest in not publicly disclosing this information, and
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`rely on the confidentiality of such information to gain a competitive advantage in the online trading
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`industry.
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`B.
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`Conclusions of Law
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`8.
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`Courts have recognized that the presumption of public access is not absolute
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`and may be rebutted. Republic of the Philippines v. Westinghouse Elec. Corp., 949 F.2d 653, 662
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`(3d Cir. 1991). “Every court has supervisory power over its own records and files, and access has
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`been denied where court files might have become a vehicle for improper purposes.” Littlejohn,
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`851 F.2d at 678 (quoting Nixon v. Warner Commc’ns, Inc., 435 U.S. 589, 598 (1978)).
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`9.
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`Courts may deny access to and seal a document when it encompasses
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`business information that might harm a litigant’s competitive standing. See Littlejohn, 851 F.2d
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`3
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`Case 3:20-cv-05784-ZNQ-DEA Document 200 Filed 12/06/23 Page 4 of 6 PageID: 6992
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`at 678 (citations omitted).
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`10.
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`The District of New Jersey has held that the inclusion of trade secrets and
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`other confidential information in documents warrant the sealing of such documents. “A well-
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`settled exception to the right of access is the ‘protection of a party’s interest in confidential
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`commercial information, such as a trade secret, where there is a sufficient threat of irreparable
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`harm.’” In re Gabapentin Patent Litig., 312 F. Supp. 2d 653, 664 (D.N.J. 2004) (citation omitted).
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`“The presence of trade secrets or other confidential information weighs against public access and,
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`accordingly, documents containing such information may be protected from disclosure.” Id.
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`(citations omitted).
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`III.
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`Clearly Defined and Serious Injury Would Result if the Relief Sought Is Not Granted
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`A.
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`Findings of Fact
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`11.
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`In light of its reference to and disclosure of non-public business information
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`that is otherwise unavailable to third parties, the public disclosure of the Confidential Documents
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`would pose a substantial risk of harm to Defendants’ legitimate proprietary interests and
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`competitive position.
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`12.
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`If the Confidential Documents were to become publicly available,
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`Defendants’ competitors could potentially use that information in the highly competitive online
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`trading marketplace.
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`B.
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`Conclusions of Law
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`13.
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`The District Court has discretion to balance the factors for and against
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`access to court documents. See Pansy v. Borough of Stroudsburg, 23 F.3d 772, 781 (3d Cir. 1994).
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`14.
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`Protection of a party’s interest in confidential commercial information, such
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`as a trade secret, is a sufficient threat of irreparable harm, and is clearly defined as a serious injury.
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`4
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`Case 3:20-cv-05784-ZNQ-DEA Document 200 Filed 12/06/23 Page 5 of 6 PageID: 6993
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`See Publicker, 733 F.2d at 1071.
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`IV.
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`No Less Restrictive Alternative is Available
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`A.
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`Findings of Fact
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`15.
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`The request to seal the Confidential Documents is tailored to restrict access
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`only to Defendants’ confidential and proprietary nonpublic business information.
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`16.
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`The disclosure of this confidential, proprietary information would pose a
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`financial and competitive risk to Defendants. Accordingly, the only way to protect Defendants’
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`confidential interests is to seal the Confidential Documents.
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`17.
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`Only those portions of the Confidential Documents containing confidential
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`and proprietary information will be sealed.
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`B.
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`Conclusions of Law
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`18.
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`The sealing of confidential documents and information is an accepted
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`practice in the District of New Jersey. See, e.g., In re Gabapentin Patent Litig., 312 F. Supp. 2d
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`653 (D.N.J. 2004).
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`19.
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`Under Local Civil Rule 5.3(c)(3), the party seeking to seal documents must
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`describe why no less restrictive alternative to the relief sought is available.
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`20.
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`For all the above reasons, and because Defendants’ interests in their
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`confidential information identified herein outweigh the minimal, if any, public interest in its
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`disclosure, there is good cause to grant the instant Motion to Seal with respect to Defendants’
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`confidential information identified below.
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`THEREFORE, for the above reasons, it is on this ________ day of ________________,
`5th
`December
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`2023,
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`5
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`Case 3:20-cv-05784-ZNQ-DEA Document 200 Filed 12/06/23 Page 6 of 6 PageID: 6994
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`ORDERED that Defendants’ Motion, pursuant to Local Civil Rule 5.3(c), to permanently
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`seal portions of 1) OANDA’s Brief in Support of Motion to Compel Production of Data from
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`GAIN’s JIRA System (ECF No. 173); (2) the Declaration of Shaun Paisley in Support of
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`OANDA’s Motion to Compel Production of Data from GAIN’s JIRA System (ECF No. 173-1);
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`(3) Exhibit 4 to the Declaration of Shaun Paisley (ECF No. 173-1); (4) Defendants’ Opposition to
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`OANDA’s Motion to Compel Production of Data from GAIN’s JIRA System (ECF No. 178); (5)
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`Exhibits 3, 4, 6, 9-12 to the Declaration of Natalie J. Morgan in Support of Defendants’ Opposition
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`to OANDA’s Motion to Compel Production of Data from GAIN’s JIRA System (ECF No. 176-3,
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`176-4, 176-6, 176-9 to 176-12); (6) Declaration of David Leach in Support of Defendants’
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`Opposition to OANDA’s Motion to Compel Production of Data from GAIN’s JIRA System (ECF
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`No. 176-13); (7) Declaration of Goran Stanic in Support of Defendants’ Opposition to OANDA’s
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`Motion to Compel Production of Data from GAIN’s JIRA System (ECF No. 176-14); and (8)
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`Declaration of Arraaf Mochny in Support of Defendants’ Opposition to OANDA’s Motion to
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`Compel Production of Data from GAIN’s JIRA System (ECF No. 176-15) (collectively, the
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`“Confidential Documents”), is hereby GRANTED; and it is further
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`ORDERED that the Confidential Documents shall be permanently sealed and maintained
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`under seal by the Court.
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`HONORABLE DOUGLAS E. ARPERT
`UNITED STATES MAGISTRATE JUDGE
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`6
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