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MoneyGram Files Motion to Seal Portions of a Deposition Transcript in Ripple-SEC Lawsuit

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Popular payment provider MoneyGram filed an unopposed motion to seal a few lines from a deposition transcript of a MoneyGram Officer filed during the Ripple v. SEC lawsuit.

The payment giant argues that the deposition contains highly confidential business information and, as such, the court should move to protect the privacy interests of innocent third parties.

“Indeed, public disclosure of this information would be highly detrimental because it would reveal to the public and MoneyGram’s competitors detailed information about MoneyGram’s internal and confidential business operations and strategic matters.”

MoneyGram’s filing precedes a similar request by an unidentified third party to seal certain exhibits attached to “Defendants’ Daubert Motions.”

“The Proposed redactions constitute a de minimis and non-substantive portion of the exhibits to the Daubert Motions, and are narrowly tailored to protect Third-Party A’s confidential business information and to protect the legitimate privacy interests of Third-Party A’s current and former representatives and employees.”

The anonymous third party also seeks to redact references to it to avoid “needless and unfair prejudice.”

Interestingly, Third-Party A also seeks full redactions to digital wallet information, which Ripple proposed only be partially redacted. “The confidentiality and privacy interests at stake are manifest, and should be redacted fully. Indeed, because wallet addresses are akin to financial account numbers, they are properly redacted as right pursuant to Sections IV(A)(i) of Your Honor’s Individual Practices in Civil Cases.”

Third-Party A also requested identity redactions in instances where Ripple proposed redactions to the identities of other third parties.

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