Nasdaq Executive Barred From Accessing Rival MIAX’s Secrets

Exchange operator Nasdaq’s vice president of engineering can’t review a rival’s sensitive business information as part of the evidence-gathering stage in a trade secrets dispute, a New Jersey federal court ruled.

Holding otherwise would grant an executive in a senior technical position access to confidential Miami International Holdings information that can’t be “un-learned,” according to a Tuesday opinion from the US District Court for the District of New Jersey. The court said Nasdaq had retained five technical experts who can access the materials, leaving “minimal risk” that its ability to prosecute the case would be hampered.

The ruling by Judge ...