(L-R) Michael Monyak and Maxwell Briskman of Meyer Unkovic & Scott. Courtesy photos. A Primer on NFTs: What Do You Really Own?
If you have read or watched the news at all this year, you have almost certainly seen the acronym "NFT"—usually, in the context of an item you can't even touch being sold for millions of dollars.
May 26, 2021 at 11:55 AM
7 minute read
If you have read or watched the news at all this year, you have almost certainly seen the acronym "NFT"—usually, in the context of an item you can't even touch being sold for millions of dollars.
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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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