Oracle Partners, L.P. v. Concentric Analgesics, Inc.

District Court, N.D. California·Decided March 17, 2021·No. 4:20-cv-03775·Unknown

Opinion

ORACLE PARTNERS, L.P., et al., Case No. 20-cv-03775-HSG

Plaintiffs, ORDER GRANTING IN PART AND DENYING IN PART v. ADMINISTRATIVE MOTIONS TO SEAL CONCENTRIC ANALGESICS, INC., et al., Re: Dkt. Nos. 2, 37, 41, 50 Defendants. Pending before the Court are three motions to seal filed by the parties related to the complaint and motion to dismiss. See Dkt. Nos. 2, 37, 41, 50. For the reasons detailed below, the Court GRANTS IN PART and DENIES IN PART the motions. Courts generally apply a “compelling reasons” standard when considering motions to seal documents. Pintos v. Pac. Creditors Ass’n, 605 F.3d 665, 678 (9th Cir. 2010) (quoting Kamakana v. City & Cty. of Honolulu, 447 F.3d 1172, 1178 (9th Cir. 2006)). “This standard derives from the common law right ‘to inspect and copy public records and documents, including judicial records and documents.’” Id. (quoting Kamakana, 447 F.3d at 1178). “[A] strong presumption in favor of access is the starting point.” Kamakana, 447 F.3d at 1178 (quotations omitted). To overcome this strong presumption, the party seeking to seal a judicial record attached to a dispositive motion must “articulate compelling reasons supported by specific factual findings that outweigh the general history of access and the public policies favoring disclosure, such as the public interest in understanding the judicial process” and “significant public events.” Id. at 1178–79 (quotations omitted). “In general, ‘compelling reasons’ sufficient to outweigh the public’s interest in vehicle for improper purposes,’ such as the use of records to gratify private spite, promote public scandal, circulate libelous statements, or release trade secrets.” Id. at 1179 (quoting Nixon v. Warner Commc’ns, Inc., 435 U.S. 589, 598 (1978)). “The mere fact that the production of records may lead to a litigant’s embarrassment, incrimination, or exposure to further litigation will not, without more, compel the court to seal its records.” Id. Records attached to nondispositive motions must meet the lower “good cause” standard of Rule 26(c) of the Federal Rules of Civil Procedure, as such records “are often unrelated, or only tangentially related, to the underlying cause of action.” Id. at 1179–80 (quotations omitted). This requires a “particularized showing” that “specific prejudice or harm will result” if the information is disclosed. Phillips ex rel. Estates of Byrd v. Gen. Motors Corp., 307 F.3d 1206, 1210–11 (9th Cir. 2002); see also Fed. R. Civ. P. 26(c). “Broad allegations of harm, unsubstantiated by specific examples of articulated reasoning” will not suffice. Beckman Indus., Inc. v. Int’l Ins. Co., 966 F.2d 470, 476 (9th Cir. 1992) (quotation omitted). Because the parties seek to seal portions and documents which pertain to the allegations in the complaint and motion to dismiss, the Court applies the compelling reasons standard to these documents. See In re NVIDIA Corp. Derivative Litig., No. C 06-06110 SBA, 2008 WL 1859067, at *3 (N.D. Cal. Apr. 23, 2008) (“While a complaint is not, per se, the actual pleading by which a suit may be disposed of, it is the root, the foundation, the basis by which a suit arises and must be disposed of.”). As detailed in the table below, the majority of the information sought to be sealed pertains to information about the clinical trial of CA_008, a pain-relieving product that Defendant Concentric Analgesics, Inc. is developing. Defendants assert that it does not publicly disclose the specific efficacy and safety targets that it is analyzing in clinical trials, or the information it provides to the Food and Drug Administration (“FDA”) about such trials. See, e.g., Dkt. No. 22-3. Such information, Defendants contend, could signal its goals for pharmaceutical products under development, as well as its progress toward meeting those goals. Id. at 2. Accordingly, an unfair advantage in the development or marketing of rival products. Id. However, the allegations contained in the proposed redactions of the complaint are critical (even central) to Plaintiffs’ claims in this case. Defendants seek to seal the alleged misrepresentations and omissions about the clinical trial presented to prospective investors, which underlie all of Plaintiffs’ causes of action. The “interest in ensuring the public’s understanding of the judicial process and of significant public events,” Kamakana, 447 at 1179, is thus not served if the fundamental basis for Plaintiffs’ claims is redacted from the complaint. Moreover, notwithstanding Defendants’ characterizations, the allegations in the complaint appear to contain only high-level takeaways about the structure and results of the clinical trial that Concentric shared with its investors. These overly broad redactions continue in Defendants’ motions to seal the briefing related to its motion to dismiss, obscuring the nature of the parties’ arguments. Defendants have not explained with sufficient specificity how the disclosure of this information could harm Concentric’s competitive advantage. Nevertheless, the Court finds that Defendants have narrowly tailored some of their requested redactions to confidential and proprietary business and intellectual property information. The public release of these documents could give non-party competitors an unfair advantage in the development or marketing of rival products. See In re Elec. Arts, Inc., 298 F. App’x 568, 569 (9th Cir. 2008) (ordering sealing where documents could be used “‘as sources of business information that might harm a litigant’s competitive standing’”) (quoting Nixon v. Warner Commc’ns, Inc., 435 U.S. 589, 598 (1978)). Thus, the Court finds that in those circumstances Defendants have established compelling reasons to grant the motions to file under seal. See, e.g., Linex Techs., Inc. v. Hewlett-Packard Co., No. C 13-159 CW, 2014 WL 6901744 (N.D. Cal. Dec. 8, 2014); Apple Inc. v. Samsung Elecs. Co., Ltd., No. 11-CV-01846- LHK, 2012 WL 6115623 (N.D. Cal. Dec. 10, 2012). Additionally, Defendants seek to seal the names of non-party shareholders and the values of their respective shareholdings. Such financial information is nonpublic, and irrelevant to the allegations in the complaint. See G&C Auto Body Inc v. Geico Gen. Ins. Co., No. C06-04898 MJJ, 2008 WL 687372, at *2 (N.D. Cal. Mar. 11, 2008) (sealing third-party information that is of established compelling reasons to grant in part the motions to file under seal on this basis. Docket No. Portion(s) Sought to Public/ Document be Sealed Ruling (Sealed) Dkt. No. 2 – GRANTED IN PART and DENIED IN PART Dkt. No. 1/ Complaint Excerpts DENIED (Dkt. No. 2-4) The high-level information about the pharmaceutical clinical trial is critical to the public’s understanding of Plaintiffs’ allegations and this case, and Defendants have not established a compelling reason that overrides this interest or narrowly tailored the requested redactions. Dkt. No. 1-1/ Ex. A to Excerpts GRANTED IN PART (Dkt. No. 2-6) Complaint The following pages contain third (Series B parties’ confidential financial Preferred information: Stock Purchase • 36–44 Agreement), • 46–65 • 67–88 • 90–167 • 172–217

Free access — add to your briefcase to read the full text and ask questions with AI

Oracle Partners, L.P. v. Concentric Analgesics, Inc., (N.D. Cal. 2021).

Oracle Partners, L.P. v. Concentric Analgesics, Inc. (Oracle Partners, L.P. v. Concentric Analgesics, Inc.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

Nixon v. Warner Communications, Inc.
435 U.S. 589 (Supreme Court, 1978)
Pintos v. PACIFIC CREDITORS ASS'N
605 F.3d 665 (Ninth Circuit, 2010)
Phillips v. General Motors Corporation
307 F.3d 1206 (Ninth Circuit, 2002)
Electronic Arts, Inc. v. United States District Court
298 F. App'x 568 (Ninth Circuit, 2008)