Samsung Research America's building in Mountain View, California. (Credit: bennymarty/Adobe Stock) This 7th Circuit Appeal Could Be a Big Deal for the Future of Mass Arbitration
Electronics giant Samsung is challenging a lower court order that it pay more than $4 million in arbitration initiation fees.
January 24, 2024 at 01:31 PM
7 minute read
A mass arbitration case being argued at the U.S. Court of Appeals for the Seventh Circuit next month could affect the future of the emerging plaintiffs-lawyer strategy more broadly, legal experts say.
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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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