Credit: vectorfusionart/Adobe Stock A GOP-Controlled House Could Be Good for Business—Unless You're Big Tech
"While it may be counterintuitive, given Republican aversion to federal regulation in general, many perceive the need for a national privacy law that will preempt state laws," said Shari Lewis, a partner at Rivkin Radler.
January 11, 2023 at 03:14 PM
5 minute read
Contrary to the Republican party's typical agenda supporting policies that are good for business and commercial interests, a GOP-controlled House could actually lead to more federal regulation and stricter scrutiny for Big Tech.
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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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