Republican commissioners Andrew Ferguson (left) and Melissa Holyoak quickly jumped into the fray after receiving Senate confirmation in March. (Courtesy photos) Lacking Votes but Not Vigor, GOP FTC Members Trying to Slow Down Lina Khan's Steamrolling Majority Any Way They Can
"The pushback doesn't change what the commission is going to do. But I think it does make staff and the majority button things up a bit more," said John Villafranco, a partner at Kelley Drye Warren.
September 16, 2024 at 10:21 AM
12 minute read
On the job for only six months and in the minority, the two Republicans on the five-member Federal Trade Commission know they don't have the reach to land a knockout punch in the regulatory ring.
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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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