SEC Chief Gary Gensler. Photo: Diego M. Radzinschi/ALM What to Expect From the SEC Under Trump 2.0
"While the issues of what's in the best interest of an investor will continue to be important, we won't see as much energy put behind trying to expand those obligations beyond the regulatory frameworks that already exist," said Jennifer Klass, a partner at K&L Gates.
November 07, 2024 at 09:22 AM
5 minute read
Donald Trump's reclaiming of the White House could spell the end of one of the most aggressive SEC rulemaking and enforcement regimes in history.
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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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