Jane Street Leaders’ Pay Ruled Off-Limits in Millennium Fight

Compensation for eight senior Jane Street Group officers was ruled out of bounds as a topic for depositions by Millennium Management in the firms’ trade-secrets fight over an allegedly stolen India options strategy.

US District Judge Paul Engelmayer on Tuesday granted Jane Street’s request to limit several of Millennium’s deposition topics, saying the proprietary trading firm had “legitimate interests in keeping discovery in proper proportion to the needs of the case.”

Jane Street sued two former traders, Doug Schadewald and Daniel Spottiswood, and Izzy Englander’s hedge fund group in April, saying they had stolen the “immensely valuable” strategy, ...