Frommer v. MoneyLion Technologies Inc.

Opinion

NEW YORK, NY 10005 DANIEL R. ANDERSON HELENA S. FRANCESCHI TELEPHONE: (212) 701-3000 JOHN MacGREGOR ANDREW SCHWARTZ PETER J. ARMENIO JOAN MURTAGH FRANKEL WWW.CAHILL.COM TRISTAN E. MANLEY DARREN SILVER HELENE R. BANKS JONATHAN J. FRANKEL ___________ BRIAN T. MARKLEY JOSIAH M. SLOTNICK ANIRUDH BANSAL SESI GARIMELLA MEGHAN N. McDERMOTT RICHARD A. STIEGLITZ JR. LANDIS C. BEST ARIEL GOLDMAN 1990 K STREET, N.W. WILLIAM J. MILLER SUSANNA M. SUH CHRISTOPHER BEVAN PATRICK GORDON WASHINGTON, DC 20006-1181 EDWARD N. MOSS SEAN R. TIERNEY BROCKTON B. BOSSON JASON M. HALL (202) 862-8900 JOEL MOSS JOHN A. TRIPODORO JONATHAN BROWNSON * STEPHEN HARPER NOAH B. NEWITZ HERBERT S. WASHER DONNA M. BRYAN CRAIG M. HOROWITZ CAHILL GORDON & REINDEL (UK) LLP WARREN NEWTON § FRANK WEIGAND EMEKA C. CHINWUBA TIMOTHY B. HOWELL 20 FENCHURCH STREET JULIANA OBREGON MICHAEL B. WEISS JOYDEEP CHOUDHURI * COLLEEN TRACY JAMES LONDON EC3M 3BY JAVIER ORTIZ MILES C. WILEY JAMES J. CLARK DAVID G. JANUSZEWSKI +44 (0) 20 7920 9800 DAVID R. OWEN DAVID WISHENGRAD CHRISTOPHER W. CLEMENT JAKE KEAVENY ___________ JOHN PAPACHRISTOS C. ANTHONY WOLFE AYANO K. CREED BRIAN S. KELLEHER LUIS R. PENALVER ELIZABETH M. YAHL PRUE CRIDDLE ± RICHARD KELLY WRITER’S DIRECT NUMBER SHEILA C. RAMESH SEAN M. DAVIS CHÉRIE R. KISER ‡ MICHAEL W. REDDY S A A S J GAT AD N EU MM RA AA AM S ESR T O LS M AT DN Z S .G . J AI FD .. A . A FD W EE LNO NO F AGW ZIR T M EK TN RO MII NN V A G A N N JR. J T A A J MO OE N L AE ED ID RZL L RB A K K HE. R LLU W . O .A L R L FEC ET E TE V.Z V ULY IB I TE S NE I E NER G O T P M T TH H AEL AT ME O OTEG M RT MR H NR A Y J EE S R L. WZ RR O . Z ROO SY E OEOC . N YH RN TOEE HY SR E A * N L THAL IWE N N §‡ ±* E TG S AA A A HL TD DD DA E EMM M MN R RI I II ND TT T T E TT T T PA AE EE E UUND DD D BSD

LTA AI AW N IRS SS C A A DA AA OLL C N S FISE A O O O AS S L NO L OTOI I TN L UC N C OYLI TILT RT Y HYO O N AR R E F YI I RN N I C A ONLY (212)701-3838 April 24, 2024 Hon. Jesse M. Furman United States District Judge United States District Court for the Southern District of New York 40 Centre Street, Room 2202 New York, New York 10007 Re: Frommer et al. v. MoneyLion Techs. Inc. et al., No. 23 Civ. 6339 (JMF) Dear Judge Furman: Pursuant to Rule 7.C of Your Honor’s Individual Rules and Practices in Civil Cases, Defendant-Counterclaim Plaintiff MoneyLion Technologies Inc. and Third-Party Plaintiff MoneyLion Inc. (together, “MoneyLion”) respectfully seek leave to file under seal portions of MoneyLion’s Letter from Edward Moss to the Court, dated April 24, 2024. Plaintiffs consent to MoneyLion’s request to seal. The letter quotes from exhibits attached to Plaintiffs’ April 22, 2024 letter (ECF No. 86) and that were produced on a Confidential basis pursuant to the Stipulated Confidentiality Agreement and Protective Order (ECF No. 74). Plaintiffs have already sought to seal this precise information. One of the documents quoted in MoneyLion’s letter was produced by a third party who believed that it contained sensitive information that is not publicly available. The other document quoted in MoneyLion’s letter was produced on a Confidential basis by MoneyLion. That document contains sensitive confidential and proprietary information concerning MoneyLion’s due diligence of Malka’s financials. The disclosure of contents of this document would put MoneyLion at a competitive disadvantage. Accordingly, sealing is warranted. See Kewazinga Corp. v. Microsoft Corp., 2021 WL 1222122, at *6 (S.D.N.Y. Mar. 31, 2021) (“The demonstration of a valid need to protect the confidentiality of confidential and proprietary business -2-

information may be a legitimate basis to rebut the public’s presumption of access to judicial documents.” (citation omitted)). Respectfully submitted, Cahill Gordon & Reindel LLP The motion to seal is granted temporarily. The /s/ Edward N. Moss Court will assess whether to keep the Edward N. Moss materials at issue sealed or redacted when Herbert S. Washer deciding the underlying motion. The Clerk of John S. MacGregor Court is directed to terminate ECF No. 87. 32 Old Slip SO ORDERED. New York, New York 10005 (212)701-3000 emoss@cahill.com hwasher@cahill.com jmacgregor@cahill.com Kleinberg, Kaplan, Wolff & April 25, 2024 Cohen, P.C. David M. Levy Marc R. Rosen Joshua K. Bromberg Alisa Benintendi Taeler Lanser 500 Fifth Avenue New York, New York 10110 (212)986-6000 dlevy@kkwc.com mrosen@kkwc.com jbromberg@kkwc.com abenintendi@kkwc.com tlanser@kkwc.com Attorneys for Defendant and Counterclaim-Plaintiff MoneyLion Technologies Inc. and Third-Party Plaintiff MoneyLion Inc.