File photo Supreme Court Opens Door for New Businesses to Challenge Old Regulations
In their 6-3 decision, the justices said the statute of limitations does not begin until a plaintiff is actually injured by the government regulation in question.
July 01, 2024 at 10:27 AM
3 minute read
United States Supreme Court
The U.S. Supreme Court ruled Monday that the six-year time limit for challenging a federal regulation does not begin until a plaintiff is injured by it, opening the door for new entities to challenge longstanding rules.
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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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