Judge Approves Seal of National Century Documents

Judge Approves Seal of National Century Documents

A U.S. magistrate judge on Tuesday approved a final protective order allowing attorneys to designate as confidential any documents obtained during National Century Financial Enterprises Inc.’s bankruptcy proceedings, Bankruptcy Law360 reported today. Judge Mark R. Abel of the U.S. District Court for the Southern District of Illinois approved the final order yesterday in multidistrict litigation [...]
A U.S. magistrate judge on Tuesday approved a final protective order allowing attorneys to designate as confidential any documents obtained during National Century Financial Enterprises Inc.’s bankruptcy proceedings, Bankruptcy Law360 reported today. Judge Mark R. Abel of the U.S. District Court for the Southern District of Illinois approved the final order yesterday in multidistrict litigation involving several NCFE entities for their alleged roles in the company’s collapse. Judge Abel had granted an interim protective order last month following motions by JPMorgan Chase & Co., Bank One NA and former NCFE executives Lance Poulsen and Donald Ayers, seeking to keep the financial information obtained during bankruptcy proceedings from becoming public. Judge Abel gave counsel until Monday to send a proposed final protective order to clarify what can be designated as confidential. He also approved counsel’s request for a 30-day window to examine bankruptcy documents deemed irrelevant to the MDL proceedings. The case is In re National Century Financial Enterprises Inc. Financial Investment Litigation, case number 2:03-md-1565, in the U.S. District Court for the Southern District of Ohio.