James Francis, a partner at Francis Mailman Soumilas in Philadelphia. Courtesy photo CFPB Proposes Ban on Medical Debt Credit Reporting
Approximately 15 million Americans have medical debt on their credit reports, according to Consumer Financial Protection Bureau (CFPB) estimates. This…
July 26, 2024 at 10:50 AM
6 minute read
Consumer ProtectionApproximately 15 million Americans have medical debt on their credit reports, according to Consumer Financial Protection Bureau (CFPB) estimates. This debt harms their credit scores, impeding their ability to borrow money, rent apartments, qualify for mortgages, and even secure employment. A direct line can be drawn from many Americans' medical debt to their financial insecurity.
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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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Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
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