©denisismagilov – stock.adobe.com Wanted: Regulatory Talent for the Under-Regulated World of Cryptocurrency
Unfortunately, despite their decade-long existence, the laws and regulation around cryptoassets are still in their infancy.
November 10, 2021 at 10:55 AM
4 minute read
General Counsel and In House Counsel
Since the release of Bitcoin in 2009, cryptocurrency and other cryptoassets have steadily grown in popularity, attracting both more and increasingly well-known investors. Banks are becoming more and more interested in it, and companies specializing in technology, security, finance and insurance are all taking notice and finding their niche within the blockchain industry as well.
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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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