Federal Trade Commission Chair Lina Khan. Photo: Ting Shen/Bloomberg US Ability to Compete Globally Relies on Ample Domestic Competition, FTC's Chief Says
"If you look at not just the number of wins but the significance of the wins in terms of how we're actually advancing the law, I'm pretty thrilled with the progress we've already made," Lina Khan said.
September 23, 2024 at 05:16 PM
3 minute read
Ensuring that U.S. startups can compete fairly with the nation's big tech companies will stir innovation and enable the United States to meet the demands of the increasingly competitive U.S.-China economic relationship, Federal Trade Commission Chair Lina Khan said Friday.
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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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