Month: November 2025

David Scott at Global Class Actions Symposium 2025

“It’s an exciting time for legal professionals in Europe,” Managing Partner David R. Scott this week pointed out at the Global Class Action Symposium 2025 organized by Global Legal Group. “There is a lot of cross-pollination between U.S. and transatlantic claimant lawyers and claims that are filed in the United States,” as many of the cases – especially in the anticompetitive space – ultimately also appear in the UK or European jurisdictions. While discussing competition-based collective action trends at the GLG panel held in London, Mr. Scott weighed in on several key inflection points driving competition and antitrust litigation.

UK Estate Agents Launch £1bn Legal Action Against Rightmove

Property company Rightmove has been accused of charging unfair and excessive prices to several thousand UK estate agents, with damages in imminent legal action estimated to total around £1 billion. The legal action, led by former Competition and Markets Authority (CMA) panel member Jeremy Newman, will argue that Rightmove abused its dominant position in the online property portal market by charging excessive and unfair prices to estate agents to list properties on its online portal. The damages from this practice are estimated to total around £1 billion. According to its own 2024 accounts, Rightmove’s profit margin is around 70%, making it the most profitable company in the FTSE 100.

Securities Suit Against Online Learning Provider Stride, Inc.

cott+Scott today filed a securities class action against Virginia-based online education provider Stride, Inc., a platform that offers digital learning content for students throughout the United States. The lawsuit brought in the United States District Court for the Eastern District of Virginia against Stride and several of the company’s top executives alleges that the digital education provider misleadingly claimed to be “one of the nation’s most successful technology-based education companies.” According to the complaint, unbeknownst to the market ,Stride inflated enrollment numbers, cut staff cost beyond required statutory limits, ignored compliance requirements, and kept losing existing and potential student enrollments.

Scott+Scott Files Investor Suit Against Fiserv

Scott+Scott this week filed a shareholder class action lawsuit against digital services company Fiserv and its top executives for allegedly misguiding investors and making wrongful statements about its financial health. According to the lawsuit filed in the U.S. District Court for the Eastern District of Wisconsin, Fiserv’s share price dropped approximately 45% after the company lowered its financial forecast. As a result, Fiserv investors suffered significant financial losses.