Credit: Blue Planet Studio/Adobe Stock Three Ways Chief Legal Officers Can Lead the Way on ESG
Recently, environmental, social and governance (ESG) issues have risen to a position of prominence for many organizations. In fact, 90% of the S&P 500 published some form of ESG disclosure in 2020, an increase from the 20% in 2011.
July 30, 2021 at 12:50 PM
4 minute read
Recently, environmental, social and governance (ESG) issues have risen to a position of prominence for many organizations. In fact, 90% of the S&P 500 published some form of ESG disclosure in 2020, an increase from the 20% in 2011.
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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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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.
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