Sen. Tom Umberg, D-Santa Ana. Photo: California Senate photographer Lorie Shelley Beefed Up Bill Takes Aim at Consumer Arbitration Practices
SB 940 by Orange County Democrat Sen. Tom Umberg would place new restrictions on neutrals handling consumer claims
April 23, 2024 at 06:44 PM
4 minute read
A key state lawmaker has expanded pending arbitration legislation to restrict the use of choice-of-forum and choice-of-law clauses in consumer contracts affecting Californians.
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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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