Court of Appeals for the Second Circuit November 29, 2001, Docket No. 01-6078 (Securities & Exchange Commission v. Thestreet.com)

JOSÉ A. CABRANES, Circuit Judge.

We consider here the appropriate standard to be applied by a court in deciding whether to modify or vacate a protective order it has entered in a civil lawsuit.

Third-party defendant-appellant New York Stock Exchange, Inc. (“NYSE”) appeals from an order filed on April 11, 2001 by the United States District Court for the Southern District of New York (Jed S.