Photo: Adobe Stock Burford Earmarks $100M Pot to Fund Minority- and Female-Led Cases
The Equity Project launched three years ago with $50 million to support women-led matters.
October 13, 2021 at 04:16 PM
4 minute read
Litigation finance giant Burford Capital is taking steps to promote diversity in the practice of law by earmarking an additional $100 million to be directed toward cases led by minority and female attorneys, expanding an effort first focused on women litigators and arbitrators three years ago.
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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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