Judge Paul A. Engelmayer of the Southern District of New York. File photo. US Judge Rejects Jane Street's Motion for TRO Against Rival Trading Firm in IP Case
U.S. District Judge Paul Engelmayer—turning aside a motion filed by Quinn Emanuel lawyers—said he would order a "highly expedited schedule" for discovery ahead of a bench trial set for July.
April 19, 2024 at 02:47 PM
4 minute read
The original version of this story was published on New York Law Journal
U.S. District Judge Paul Engelmayer of the Southern District of New York on Friday rejected the trading firm Jane Street's request for a temporary restraining order against the trading firm Millennium Management and two Millennium employees, who previously worked at Jane Street and were accused of stealing the firm's intellectual property.
"Jane Street's claims are undeniably serious. They absolutely have the potential to be established," Engelmayer said, but he ruled that Jane Street had not persuaded him that it would face irreparable harm without a TRO.
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