Judge Linda Parker, of the Eastern District of Michigan. Photo: Diego M. Radzinschi/ALM After Scathing Sanctions Ruling, Kraken Lawyers Face Future Penalties
"I think some of the jurisdictions involved and perhaps all of them will dig into this with investigatory zeal and will take it seriously," one legal ethics expert said.
August 26, 2021 at 03:43 PM
7 minute read
A team of lawyers behind a series of failed post-election challenges received their first court-ordered sanctions this week, a move that could trigger future disciplinary proceedings against the attorneys.
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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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