Morrison & Foerster. Photo: Jason Doiy/ALM Despite Lukewarm Litigation Market, MoFo Saw Profits Grow as US and LatAm Deals Continued
Much of Morrison & Foerster's transactional work was fueled by major client SoftBank, which did a number of significant deals in 2020.
March 15, 2021 at 04:40 PM
5 minute read
Morrison & Foerster saw nearly flat revenue accompanied by a double-digit profit increase in 2020, as work for major client SoftBank stayed strong but litigation struggled "with one hand tied behind its back."
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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.
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