Credit: Konstantin Hermann/Adobe Stock Is a Recession Coming? 2 Florida Mainstays Proceed With Caution
Leaders at Becker & Poliakoff and Greenspoon Marder have yet to see evidence of a downturn. But they're aware every slump has novel characteristics.
December 16, 2022 at 04:46 PM
4 minute read
Law Firm Management
Experts have been ringing alarm bells about the economy since early 2022, and consequently, the prospect of a downturn has been on the minds of many business leaders for months. But how do law firms specifically defend against the fallout from a recession?
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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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