Jane Street Avoids Disclosing Secrets to Millennium in Dispute
- Only court, lawyers can access secret India trading strategy
- Jane Street faced May 23 deadline to detail alleged secrets
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Jane Street Group was spared for now from having to share trade secrets with former traders it sued after they left for a rival firm.
US District Judge Paul Engelmayer on Thursday said Jane Street does not need to share a court-ordered disclosure with former traders Douglas Schadewald and Daniel Spottiswood and Millennium Management. Instead, the firm can temporarily make it available only to the court and outside lawyers.