Law.com's New Look | After Wild Year, Law Firms Change Up Their Marketing C-Suites | SPAC Litigation Is Trendy, but Is It Anything New?: The Morning Minute
The news and analysis you need to start your day.
June 14, 2021 at 06:00 AM
5 minute read
Securities Litigation
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WHAT WE'RE WATCHING
NEW LOOK - Happy Monday! Once you've had your coffee this morning, you might notice Law.com's gotten a makeover. We're proud to usher in the next generation of Law.com and ALM's network of online legal publications, including The American Lawyer and New York Law Journal. The new look now brings closer together the innovative products launched over the past year, including Law.com Radar, Law.com Pro and Corporate Counsel Advance, and puts a spotlight on topics our readers say they care about the most, including the launch of Law.com's Litigation: Editor's Picks hub, featuring trend analysis and in-depth commentary from practitioners and judges. The upgraded design also showcases Law.com's other original offerings, including practice briefings; Trendspotter, Litigation Trendspotter and Talking Trendspotter columns; the Barometer newsletter; the Legal Speak podcast; How I Made It columns; and more. Take it for a spin and let me know what you think at [email protected].
NOTHING SPECIAL? - Our websites may be new, but special purpose acquisition companies aren't (how's that for a segue?). Despite the fact that you've probably heard more about SPAC mergers in the past few months than any time before that, these deals have actually been around since at least the mid-'90s—they're just now gaining popularity and attracting the attention of the plaintiffs bar. But, as we explore in this week's Law.com Litigation Trendspotter column, some defense attorneys say that while these SPAC-related lawsuits are spiking, they're simply putting a new(-ish) spin on traditional claims. And for more on this topic, be sure to check out Ross Todd's interview with Susan Saltzstein, the co-deputy of the nationwide securities litigation group at Skadden, Arps, Slate, Meagher & Flom, on the most recent episode of Law.com's Legal Speak podcast.
FACING THE FUTURE - After a year-plus that drastically changed what it meant for law firms to "get in front of clients," a number of firms have made changes to their marketing C-suites, Law.com's Patrick Smith reports. Foley & Lardner, Brownstein Hyatt Farber Schreck, Schulte Roth & Zabel, Brown Rudnick, Akerman and Jackson Lewis all added new leaders in charge of either marketing, client development, business development or some combination over the past two months. As Smith notes, these particular moves come at a time when firms are trying to get back in front of clients face-to-face while also applying lessons learned during the pandemic—in particular, that harnessing the power of digital marketing is going to remain key moving forward. Koree Khongphand-Buckman, Foley's new CMBDO, told Smith the industry needs to embrace that evolution. "Look how much social media use increased in the last 15 months," she said. "We can use it as a touch point with a client or a potential client. The use of digital techniques is enhancing traditional marketing efforts, not going away from them."
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Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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