Photo: Rawpixel/Adobe StockGCs Say They are Getting 'Edged Out' of UK Boardrooms
Many in-house lawyers believe the role of general counsel is being diminished in U.K. companies, with lawyers having to fight harder than ever to get their voice heard.
December 17, 2024 at 07:33 AM
5 minute read
When general counsel are reporting to CFOs—rather than CEOs—there is a problem.
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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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