Author: Christine Schiffner - Page 12

Visa, Mastercard Hit With More UK Swipe Fee Antitrust Claims

A group of London restaurateurs and private clubs, the Bourne Leisure travel group, and discount retailer Poundland have filed another round of competition claims in the UK against Visa and MasterCard over interchange fees.

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Watch Out Big Banks: The Claims Are Coming, And Here’s The Lawyer Who’s Bringing Them

After securing settlements of over $2 billion for people in the US who purchased foreign currency and foreign exchange instruments from big banks, David Scott, managing partner of Scott+Scott, has been assessing the appetite for similar claims in the EU.

A Hole in the Market: Scott+Scott Opens in the City With Plans to Exploit Conflicts and Cash in on Competition Class Actions

Connecticut-based Scott+Scott hired Freshfields Bruckhaus Deringer competition litigation lawyer Belinda Hollway to head up its first City office and European base.

Seven Banks to Pay $324 Million to Resolve ISDAfix Claims

Seven banks have agreed to pay $324 million to settle claims they conspired to rig the ISDAfix benchmark, which is used in the sale of interest-rate derivatives and other financial instruments.

Scott+Scott’s London Calling Grows Stronger

US claimant class action firm establishes new links with London’s distinguished Brick Court Chambers as it develops further plans for Forex litigation.

Scott+Scott Obtains Restraining Order in Action Over Madoff Losses

Scott+Scott LLP’s New York-based partner Beth Kaswan and her team of litigators won a critical court order yesterday on behalf of the firm’s client New York University.

Business Professional looks out window with financial papers on a table

NOVEL INVESTOR RECOVERY: Scott + Scott successfully sues two large banks under the Trust Indenture Act of 1939- a first in federal securities litigation.

Scott+Scott filed suit on behalf of the investor Plaintiffs claiming that when the two banks took over trustee duties on a portfolio of loans from Washington Mutual NA, they ignored the presence of loans with underwriting defects. Scott +Scott was the first firm ever to seek to assist investors by pursuing remedies under the Trust Indenture Act of 1939.

Google – Record-setting $310 million corporate reform settlement

In a derivative lawsuit settlement with one of the highest dollar values ever, Google parent Alphabet agreed to establish a diversity, equity, and inclusion fund as part of the settlement of the consolidated derivative litigation relating to the Company’s alleged mishandling of sexual harassment allegations against senior executives and overall culture of sexual discrimination and harassment.

Wendy’s Data Breach – $50 Million Settlement and Improved Security Protocols

In 2016, First Choice Federal Credit Union and other financial institutions sued Wendy’s fast food restaurant over a five-month-long data breach, citing the vulnerabilities in the chain’s data security systems that allowed hackers to access 18 million payment cards. Scott+Scott acted as co-lead counsel representing the financial institution and the putative class in this action.

US Foreign Exchange Class Case StudyAction

Foreign Exchange – $2.3 Billion in Settlements

In 2013, Scott+Scott brought suit against some of the world’s largest banks alleging the banks colluded to fix the prices of foreign exchange transactions. Scott+Scott represents individuals and institutional investors, public pension funds, police and fire pension funds, and Taft-Hartley union funds.