APK Oasis

Federal Judge Grants FTC Motion Blocking Proposed Kroger-Albertsons Merger

From Law.com

Federal Judge Grants FTC Motion Blocking Proposed Kroger-Albertsons Merger

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.

Previous articleNext article

POPULAR CATEGORY

Software

35304

Artificial_Intelligence

12291

Internet

26604