Khurshid Khoja, left, of Greenbridge Corporate Counsel, and Shabnam Malek, right, chief legal officer of cannabis company 1906. Courtesy photos 'A Mixed Bag': Veteran Cannabis Lawyers Eye Legal Industry's Growth With Hope and Wariness
'Movement' cannabis lawyers have been joined by Big Law attorneys chasing an expanding industry. Veteran legal professionals see the promise and the potential problems.
April 21, 2023 at 05:53 PM
6 minute read
Marijuana
Before Big Law embraced cannabis—or at least gave it a business-like handshake from a safe distance—a small group of willing attorneys was left to answer the phone calls from growers who wanted legal protections for their crafted strains.
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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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