Alessio Evangelista of Skadden, Arps, Slate, Meagher & Flom. Courtesy photo Skadden Beefs Up Financial Services Regs Offering With FinCEN Compliance Head
Skadden, Arps, Slate, Meagher & Flom is continuing to build out its roster of government attorneys, adding a top enforcement official from the Department of the Treasury's Financial Crimes Enforcement Network as a partner in Washington.
August 01, 2022 at 06:00 AM
5 minute read
Washington, DC Metro
As evolving regulations are expected to increase demand among financial services practices, Skadden, Arps, Slate, Meagher & Flom has added another government attorney to its roster.
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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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Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
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