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Novolex Holdings LLC v. Illinois Union Ins.

Redacting Pricing Terms From Agreement That May Threaten Competitive Advantage Granted

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The following e-filed documents, listed by NYSCEF document number (Motion 003) 58, 59, 60, 61, 62, 63, 64, 66, 67 were read on this motion to/for SEAL. DECISION ORDER ON MOTION In motion sequence number 003, plaintiff Novolex Holdings, LLC (Novolex) moves pursuant to Section 216.1(a) of the Uniform Rules for Trial Courts to redact pricing terms from the Equity Purchase Agreement (EPA) between non-party Newell Brands Inc. and Novolex dated May 2, 2018. (NYSCEF Doc. No. [NYSCEF] 66 at 1-2.) Background Novolex purchased The Waddington Group (TWG) from non-party Newell pursuant to the EPA. (NYSCEF 1, Complaint at 1.) Under the EPA, Novolex also purchased TWG’s wholly owned subsidiary Waddington North America, Inc. (WNA). Accordingly, the EPA contains confidential unit prices per stock keeping unit (SKU) at which WNA offered certain products to specific customers. (NYSCEF 59, affidavit of Christopher J. Klein, Esq, General Counsel for Novolex Holdings, LLC, at 3.) Although this action largely concerns the defendant insurers’ alleged refusal to cover losses under the insurance policy for the representations and warranties made in the EPA (NYSCEF 1, Complaint at 1), Novolex asserts that disclosure of these unit prices per SKU could threaten Novolex’s competitive advantage especially because they were offered to specific customers. (NYSCEF 59, affidavit of Christopher J. Klein, Esq, General Counsel for Novolex Holdings, LLC, at

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