NY Times defends article on Caroline Ellison: the public has a 'legitimate interest'
The New York Times has submitted a filing in the criminal case against former FTX CEO Sam Bankman-Fried (SBF), arguing the court should defend First Amendment rights by allowing certain parties to provide information to members of the media.
In an Aug. 2 letter to Judge Lewis Kaplan of United States District Court for the Southern District of New York, NY Times vice president and deputy general counsel David McCraw expressed concerns about the gag order placed upon Bankman-Fried and what participants in his criminal trial were allowed to say to journalists. On July 20, The New York Times published an article revealing details of former Alameda Research CEO Caroline Ellison’s private journals, including her professional and personal relationship with SBF.
McCraw argued that as Bankman-Fried was a ‘non-lawyer’, the standard for imposing a gag order aimed at preventing harm to other parties connected to the criminal case was stricter than for lawyers. As Judge Kaplan removed language from the order suggesting it wasn’t necessary to prevent “interfer[ing] with a fair trial", the NY Times claimed the public and members of the Fourth Estate had a right to receive information according to the First Amendment.
“While the current round of motion practice was prompted by a Times article about Caroline Ellison, and the Government argues that the article was part of Defendant’s effort to interfere with the trial, that overlooks the public’s legitimate interest—independent of this prosecution—in Ms. Ellison and her activities at her cryptocurrency trading firm,” said McCraw. “She has confessed to being a central participant in a financial scheme that defrauded investors of billions of dollars—a scheme that was not detected by government
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