L-R: Craig Silliman executive vice president of public policy and general counsel at Verizon, Louise Pentland, EVP, chief business affairs and legal officer at PayPal, and Frank Jimenez, general counsel of Raytheon. Credits: ALM/courtesy photos As Technology Advances, General Counsel Bridge the Gap Between Disrupters and Regulators
In-house leaders for Verizon, PayPal and Raytheon Technologies say in-house lawyers must actively work to shape regulations that affect their companies.
June 17, 2021 at 11:05 AM
3 minute read
General Counsel and In House Counsel
The role of the general counsel has traditionally been insular, focused on guiding businesses through existing regulations. But rapid technological advancement has forced general counsel and in-house legal departments to shape future regulations across all industries.
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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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