Rachel Bailey ,left, and Gary Schaye ,right, of Opus 2. Courtesy photos. Class Action Defense: Taming Costs with Case Management
"While firms are examining ways to use AI and other tools for better efficiency, legal tech can help rein in the cost of class action defense," write Rachel Bailey and Gary Schaye of Opus 2.
May 01, 2024 at 12:00 PM
6 minute read
Law firms looking to win over corporate clients for their class action litigation work need to bring more than their resume of defense verdicts and summary judgment wins. Cost control has emerged as a major consideration for in-house teams.
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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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