Credit: Valery Kachaev/Adobe Stock A New Chapter in Global Data Privacy: Shifting Liability to Executives
"It's a warning shot to those individuals who are in a capacity to make decisions," said Cassandra Gaedt-Sheckter, a partner at Gibson, Dunn and Crutcher.
April 05, 2023 at 09:28 PM
5 minute read
The original version of this story was published on Legal Tech News
A new approach to data privacy compliance is brewing globally and it's one that holds senior executives, not just companies, liable for data privacy violations.
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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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