(L-R) Matthew Schwartz, John Zach and Craig Wenner of Boies Schiller Flexner. Courtesy photos Litigators of the Week: In Pursuit of Funds from Kazakhstan Bank Collapse, Boies Schiller Team Gets $100M Verdict
Last week, jurors in Manhattan federal court routed a significant sliver of billions in absconded funds back to BTA Bank thanks to the trial work of Matthew Schwartz, John Zach and Craig Wenner of Boies Schiller Flexner.
December 23, 2022 at 07:30 AM
9 minute read
It's one of the biggest corporate frauds you likely don't remember—or never heard about. More than a decade ago, an internal investigation at Kazakhstan's BTA Bank found that Mukhtar Ablyazov abused his position as chairman of the bank to steal billions through a fraudulent loan scheme.
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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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Who Got The Work
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