Credit: kras99/Adobe Stock 'Ignore This Bill at Your Peril': Federal Privacy Legislation Has Teeth—and Real Shot at Passing
"That's what's most important to think about: What will this change about business models?" said Alysa Hutnik, a senior executive at the privacy software firm Ketch.
April 09, 2024 at 08:44 AM
7 minute read
For years, the business community has been calling for a comprehensive federal privacy law, frustrated with operating under a patchwork of sometimes-conflicting state laws. Now, Congress is considering one that's extremely wide-ranging and that observers say has a legitimate chance of passage.
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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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