Credit: WavebreakMediaMicro/Adobe Stock Legal Departments Struggling With Fast-Changing Regulatory Environment, Study Finds
"As the main drivers of regulatory change appear ongoing, legal and compliance leaders will need to find a sustainable way to keep on top of the requirements this will place on their organizations," Gartner's Nick Sworek said.
September 07, 2022 at 08:30 AM
3 minute read
Information Governance and Compliance
In-house legal teams are struggling to keep up with unprecedented regulatory activity, consulting firm Gartner found in a new report titled "4 Paths to Staying Ahead of Regulatory Change."
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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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