Credit: Olivier Le Moal / Shutterstock.com Recent Developments in NJ Public Bidding Statutes
This article focuses on two 2021 statutory developments in the field of public bidding: the use of electronic bidding procedures to solicit and receive bids, and an alternate "design-build" form of procurement.
September 01, 2021 at 11:00 AM
9 minute read
Construction
"In a class with motherhood and apple pie, the mandate that governmental contracts be subject to public bidding is almost sacrosanct." N.E.R.I. v. New Jersey Highway Authority, 147 N.J., 223, 245 (1996) (Stein, J., dissenting)
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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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Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
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