The Remote GC Revolution Fizzles Out: The Morning Minute
The news and analysis you need to start your day.
September 19, 2023 at 06:00 AM
3 minute read
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WHAT WE'RE WATCHING
GC YOU IN THE OFFICE - Just when you thought you were out, they pull you back in! In early 2022, an employment attorney told Law.com that nearly half the GCs he saw going through job searches wanted to be fully remote—a request many employers were granting. But less than two years later, Law.com's Trudy Knockless reports, the era of the remote GC is officially over. While such arrangements still crop up from time to time, as they did before the pandemic, employers generally have closed the door on the option, recruiters said.
CLIENT CONFERENCES - As a result of the latest NCAA conference realignment, at the beginning of the 2024 college football season, 69 programs that earn more than $3 billion collectively in annual revenue will undergo a massive and controversial redistricting. Not everyone is happy about it—but the Big Law firms representing the schools should be smiling. As Law.com's Dan Roe reports, the conference shuffling has been a boon for litigation and corporate practices as schools make new deals and try to get out of previous ones. And while the dust will settle by next spring, the shakeup is just one of several major issues facing the current college sports landscape that Big Law intends to capitalize on.
ON THE RADAR - Arm Holdings plc, a semiconductor and software design company and SoftBank Group Corp. subsidiary, announced the pricing of its initial public offering on the Nasdaq Global Select Market. The IPO, which is expected to close on Sept. 18, 2023, will be priced at $51 per share for a total value of approximately $4.87 billion. The underwriters, including Barclays, Goldman Sachs, J.P. Morgan and Mizuho Financial Group, are represented by Davis Polk & Wardwell. The Davis Polk team included partners Derek Dostal and Richard D. Truesdell Jr. Stay up on the latest state and federal litigation, as well as the latest corporate deals, with Law.com Radar.
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EDITOR'S PICKS
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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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