Credit: Drake Fleege / Adobe StockStars and Gripes: Merging Firms Need a ‘Superstar Culture’ to Crack the U.S.
Herbert Smith Freehills and others need to adopt a Paul Weiss-style focus on key individuals if they want to compete in America
November 17, 2024 at 05:30 PM
6 minute read
25th in the world by revenue. Impressive. 20th by head count. Even better.
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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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