Securities Litigation – Scott+Scott

Allianz Investment Arm Sued Over $1B Loss From Virus Crash

Scott+Scott filed suit on behalf of a Teamsters Union retirement plan against AllianzGI alleging it abandoned its risk controls and meaningful downside hedging strategies for a fund purportedly designed to weather extreme market volatility.

fountain pen and glasses resting on a leather notebook

UBS, HSBC Pen $28M Settlement In Swaps-Rate Class Action

Banking giants agree to pay $14 million to settle class action claims that they participated in a conspiracy with other banks to manipulate a benchmark interest rate used to set terms for swaps transactions.

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.

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