(Credit: Oleksandr Pokusai/Adobe Stock) AEDI Conference Takeaways: US, EU Regulators Take Stock of Enforcement, Litigation Trends
Regulators from Ireland's Data Protection Commission and the Securities and Exchange Commission shared takeaways from their respective departments' recent enforcement actions, during Georgetown University Law Center's annual Advanced eDiscovery Institute conference last week.
November 13, 2023 at 05:34 PM
5 minute read
Legal professionals and the organizations they counsel often have to take their cues from recent enforcement actions and litigation trends in order to avoid the surprise knock on the door from regulators.
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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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