A woman walks past a sign requiring customers to wear face masks inside a store due to COVID-19 at the Towson Town Center shopping mall in Baltimore, Maryland. Photo: Diego M. Radzinschi/ALM As Business Interruption Lawsuits Pile Up, Several Lawyers Question the Strategy
Many insurance policies have an exclusion for viruses, which will be a key hurdle before any judge.
August 11, 2020 at 04:50 PM
6 minute read
Lawsuits over denial of coverage for business interruptions due to COVID-19 are piling up in New Jersey courts, but some experts expect the plaintiffs will have a difficult time recovering.
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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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