Credit: Melita/Adobe Stock Leading DEI with Practicality and Purpose
Corporate counsel are well positioned to play a key role in focusing their companies on the case for DEI, whether premised on fundamental fairness, correcting for historical underrepresentation, or aligning with the shareholder goal of profitability.
August 31, 2023 at 11:26 AM
7 minute read
Diversity
The Supreme Court's affirmative action decisions and the current divisive political landscape have perpetuated skepticism about corporate Diversity, Equity and Inclusion ("DEI") efforts, and undoubtedly have made corporate DEI programming challenging. Corporate counsel should not allow these developments to derail DEI efforts. Instead, corporate counsel should take this opportunity to reinvigorate their companies' commitments to DEI, in order to create workable and legally defensible programs that achieve robust representation and workforce success.
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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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Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
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