Author: Christine Schiffner - Page 5

200 French Media Publications File Suit Against Meta

For the first time in French history, 67 media organizations representing 200 publications – including public and private TV as well radio networks, regional and national newspapers – have joined forces and filed a lawsuit before the Business Tribunal (Tribunal des Activités Économiques) in Paris against Meta to recover losses stemming from unfair business and advertising practices. As the lawsuit alleges, Meta’s market dominance in the digital advertising sector is predominantly based on illegal practices, including the large-scale collection of personal data and its unlawful use for targeted advertising.

Lead Counsel: Case Against Innovative Industrial

Scott+Scott has been appointed Plaintiff Lead Counsel in a securities class action against Innovative Industrial Properties, Inc. brought on behalf investors, including our client City of Birmingham Retirement and Relief System that the Court also named Lead Plaintiff. “Birmingham has suffered the largest loss,” Chief United States District Judge George L. Russell, III of the District Court of Maryland noted in his order. “The exhibits submitted in support of Birmingham’s selection demonstrates that Scott + Scott has significant experience prosecuting securities cases of this nature,” he added.

Class Action Filed Against Actinium Pharmaceuticals, Inc.

Scott+Scott has filed a securities class action lawsuit in the United States District Court for the Southern District of New York against Actinium Pharmaceuticals, Inc. (NYSE American: ATNM), and certain of its former and current officers and/or directors on behalf of all persons other than Defendants who purchased or otherwise acquired Actinium securities between October 31, 2022, and August 2, 2024, inclusive, and, as a result, suffered financial losses.

Co-Lead Counsel Appointment in Frozen Potato Antitrust Suit

We are pleased to announce that Judge Jeffrey I. Cummings of the United States District Court of the Northern District of Illinois this week appointed Scott+Scott as Interim Co-Lead Counsel of a proposed class of direct purchasers in the antitrust class action In re Frozen Potato Products Antitrust Litigation. The lawsuit, filed by Scott+Scott, along with co-counsel, alleges that the largest processors of frozen potato products in the U.S., including Lamb Weston Holdings Inc., McCain Foods USA, Inc., J.R. Simplot Co., and Cavendish Farms, Inc. have conspired to artificially inflate prices causing a more than 40% cost increase for purchasers.

Scott+Scott Files Lawsuit Against ModivCare, Inc.

Scott+Scott this week filed a securities class action lawsuit in the United States District Court for the District of Colorado against ModivCare, Inc.. The Class Action is captioned: Kalera v. ModivCare, Inc., et al., Case No. 1:25-cv-00306. If you purchased ModivCare securities between November 3, 2022, and September 15, 2024 and were damaged thereby, you are a member of the “Class” and may be able to seek appointment as lead plaintiff.

Seven Attorneys Recognized as Global Antitrust Leaders

We are thrilled to announce that seven partners across Scott+Scott’s U.S. and transatlantic offices have been recognized to be listed in Lawdragon’s newly launched 2025 guide 500 Leading Global Antitrust & Competition Lawyers. “These lawyers excel in crafting transaction terms that will pass muster with global regulatory bodies. They know how to navigate a growing array of worldwide authorities who examine the impact of a deal in hotly contested industries,” according to Lawdragon.

Scott+Scott Secures $120M Recovery in Case Against Banks

Scott+Scott is pleased to announce the approval of a landmark settlement of $80M in an investor class action against some of the world’s largest banks, including Citigroup, UBS, NatWest, Bank of America, and Meryll Lynch, securing a total $120M in recovery and resolving the case in its entirety. In the long-running lawsuit In re European Government Bonds Antitrust Litigation filed in the United District Court of the Southern District of New York on behalf of three pension funds, Scott+Scott, along with co-counsel, alleged that the defendants conspired to fix European government bond prices.

Shipping containers on freighters in port.

Collective Action Trial Against Shipping Cartel Begins

The trial in the Car Delivery Charges legal action against a shipping cartel brought by Mark McLaren, class representative acting on behalf of UK consumers and businesses who purchased or leased new cars and vans between October 2006 and September 2015 will commence on Monday 13 January 2025 at 10:30am at the Competition Appeal Tribunal (CAT). The trial is scheduled to last for nine weeks. The trial is against the two remaining defendant shipping companies in the cartel, MOL and NYK who represent 47.7% of the cartel.

Scott+Scott Amsterdam Files Legal Action Against Tinder

Scott+Scott Amsterdam on behalf of the Take Back Your Privacy Foundation (TBYP) today initiated legal proceedings at the Amsterdam court against Tinder Ireland and Match Group Inc., alleging that the companies for years violated data privacy laws and harvested sensitive personal data of their users for financial gain. According to the lawsuit, Tinder routinely collects much more sensitive private information from its users than necessary, for example by geotracking while using the app.

Scott+Scott Files Class Action Against Kyverna

Scott+Scott Attorneys at Law LLP has filed a securities class action lawsuit in the United States District Court for the Northern District of California against Kyverna Therapeutics, Inc. (“Kyverna” or the “Company”) (NASDAQ: KYTX), certain directors and officers, and the underwriters of Kyverna’s February 8, 2024 initial public offering (“IPO”), alleging violations of §§11, 12 and 15 of the Securities Act, 15 U.S.C. §§ 77k, 77l(a)(2), and 77o. The Class Action filed by Scott+Scott is captioned: Rondini v. Kyverna Therapeutics, Inc., et al, Case No. 3:24-cv-08869.