BMC Software vs. IBM at Bob Casey U.S. Court House graphic. Credit: Adolfo Pesquera What Litigators Charged: Bracewell's Fixed Rate Shaved $6 Million in Attorney Fees
"The 2017 agreement resulted in an increasing discount, valued at approximately $6,011,560, to BMC over time." said U.S. Sr. District Judge Gray H. Miller
August 11, 2022 at 03:19 PM
4 minute read
Fee Disputes
A fixed-rate structured fee provided by Bracewell attorneys to their client, BMC, in a lawsuit that resulted in a $1.6 billion award against IBM saved BMC more than $6 million.
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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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