🚨 $NWBO — NEW COURT FILINGS ⚖️ NWBO v. Citadel Securities LLC, et al. 🏛️ SDNY | Case No. 1:22-cv-10185-GHW-GS 📅 Filed September 21, 2026 ⚠️ Not legal advice. Layman’s summary. 📄 Doc. 350 Defendants ask Judge Stein to keep limited portions of NWBO’s response and Appendix A sealed because they contain: “trading data from Defendants’ internal systems that reflect how Defendants trade.” 🔥 Defendants also acknowledge that Citadel’s materials contain: “granular details regarding how Citadel Securities’ proprietary electronic trading systems process, route, and execute NWBO orders.” Virtu’s materials reportedly explain: “the inner workings of Virtu’s proprietary trading systems for over-the-counter securities.” Defendants call this information technical, proprietary and: “of no legitimate public concern.” 🤔 🕶️ Doc. 350-1 — Sealed Exhibit ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️ 🤔 NWBO’s likely argument: How can these systems be too limited or neutral to justify the requested discovery—but sophisticated and valuable enough that revealing their operation could cause competitive harm? There is another sharp disagreement: 🔹 Defendants: The information is proprietary and “of no legitimate public concern.” 🔹 NWBO: The systems’ design and operation may be critical evidence of automated decision-making and intent. 📌 What’s potentially next: Doc. 350 was a response to NWBO’s motion to seal, not the anticipated merits reply. Entries should appear sometime on September 22, 2026.