(L-R)Marc Schildkraut and Carl Hittinger of Baker Hostetler. Courtesy photos Hold-Up and Injunctions in the Standard Setting Context: The Pendulum Swings Back
Historically, new presidents often appoint officials that make modest policy changes to antitrust enforcement. President Joe Biden's July 9 executive order on promoting competition in the American economy suggested that the changes coming to antitrust enforcement are far more than modest.
October 08, 2021 at 01:16 PM
10 minute read
Historically, new presidents often appoint officials that make modest policy changes to antitrust enforcement. President Joe Biden's July 9 executive order on promoting competition in the American economy suggested that the changes coming to antitrust enforcement are far more than modest. According to the fact sheet that accompanied the order, competition in the U.S. economy is in dire straits. In the executive order, Biden proposes a raft of initiatives at more than a dozen agencies to foster more competition across the economy. One of those initiates requested that the Attorney General and the Secretary of Commerce consider revising their "Policy Statement on Remedies for Standards-Essential Patents Subject to Voluntary F/RAND Commitments."
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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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