Dechert logo. Courtesy photo. Dechert Scales Down Hong Kong Corporate Offering, Partner and Associates to Leave
Partner Stephen Chan is leaving along with three other lawyers.
March 10, 2024 at 11:54 PM
2 minute read
Law Firm Partners
Dechert has laid off partner Stephen Chan and three corporate associates in Hong Kong as the firm scales down its corporate offering in Greater China, according to two sources with knowledge of the matter.
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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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