The Rise of Counter-Disinformation Litigation and What It Means for Business
The prevalence of disinformation can impact all kinds of businesses by affecting corporate brands, sales, partnerships, employee and customer retention, physical security, and even stockholder activism, write Matthew F. Ferraro, Sharon Kelleher Hogue and Louis W. Tompros.
February 08, 2022 at 04:17 PM
7 minute read
In the past year, viral lies and conspiracies have saturated our public discourse, with concrete results. The scale and speed with which falsehoods have spread about everything from the outcome of the 2020 election to the Jan. 6 attack to COVID-19 vaccines, and much else, have led to real-world consequences for companies and people—ruined reputations, lost business value, security expenses, and death threats, to name a few. The prevalence of disinformation can impact all kinds of businesses by affecting corporate brands, sales, partnerships, employee and customer retention, physical security, and even stockholder activism.
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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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