Credit: VectorMine/Adobe Stock 'The Response to the Crisis Has Been Woeful': Partners React to UK Economic Turmoil
Heightened levels of distress, issues for international firms reporting in dollars and tax cut disappointment. The impact on the legal market by the mini-budget has been unexpected.
September 29, 2022 at 11:30 AM
5 minute read
London law firm partners are bracing themselves against significant economic market volatility in the U.K. this week, with many expecting their practices to be affected.
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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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