Credit: gearstd/Adobe Stock Report: New York Ranks Third in US in 'Nuclear Verdicts'
New York had 151 "nuclear verdicts," defined as when a state or federal court awarded at least $10 million, paying out more than $5 billion in payouts, according to the study.
September 27, 2022 at 06:28 PM
5 minute read
Litigation
Extraordinary verdicts are increasing in amount and frequency in New York, a recent 10-year study by the U.S. Chamber of Commerce Institute for Legal Reform said.
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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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