U.S. Capitol Building in Washington, D.C. Photo: Diego M. Radzinschi/ALM Congress Passes Bill Toughening Financial Disclosure Requirements for Judges
The bill would require the judiciary to create an searchable database for the public to view judges' financial disclosures online.
April 27, 2022 at 03:42 PM
3 minute read
A bill that would toughen stock disclosure reporting requirements for federal judges passed Congress in the wake of an investigative report from last year that revealed more than 100 judges oversaw cases in which they or a family member had a financial interest.
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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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