DOJ antirust chief Jonathan Kanter has said he prefers to pursue "remedies" over settlements to resolve antitrust violations. Photo: Diego M. Radzinschi/ALM Antitrust Practices Staff Up to Meet Demand From DOJ and FTC 'Juggernaut'
"The antitrust world has changed, and we have to respond accordingly," said Baker & Hostetler antitrust leader Carl Hittinger.
February 02, 2023 at 12:42 PM
4 minute read
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Too big, too bad. That's the antitrust outlook for 2023, distilled from conversations with antitrust practice leaders who believe the Federal Trade Commission and U.S. Department of Justice are taking aim at large corporations on a scale not seen since the Theodore Roosevelt administration.
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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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