U.S. District Judge Gene Pratter of the Eastern District of Pennsylvania. Courtesy photo Ozempic Plaintiffs Get Leadership Team, but Not Quite the One They Asked For
Walsh said that, during an extensive hearing on leadership structure last week, Pratter "had some concerns about the size of the committee that we put in the application."
April 24, 2024 at 04:47 PM
4 minute read
What You Need to Know
- Judge Gene Pratter appointed 10 plaintiffs lawyers to serve in leadership roles in the Ozempic MDL.
- The approved leadership team is smaller than the one put forth by the plaintiffs, and only includes one of the four proposed co-lead counsel.
- The ruling follows a dispute over the process through which plaintiffs formed its proposed leadership team.
The leadership team in the Ozempic multidistrict litigation is set to look slightly different from what the plaintiffs originally proposed.
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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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