Category: Uncategorized - Page 3

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.

Court Grants Final Approval of $95M Apple Siri Settlement

U.S. District Judge Jeffrey S. White this month granted final approval of a $95 million settlement in the data privacy class action lawsuit Lopez v. Apple Inc., No. 4:19-cv-04577-JSW (N.D. Cal). This agreement resolves claims that Apple’s voice-activated assistant Siri violated users’ privacy by recording private and confidential conversations without consent. “We are pleased with the Court’s approval of this landmark settlement. This was a complex case brought on behalf of thousands of consumers and we are excited to have brought it successfully over the finish line,” said Scott+Scott Partner Erin Green Comite.

Erin Green Comite Recognized as Partner of the Year

We are pleased to announce that Colchester-based Partner Erin Green Comite has been recognized as Partner of the Year by Law.com’s New England Legal Awards. Ms. Comite has served in leadership roles in numerous consumer class actions and secured settlements or court victories in an impressive number of cases ranging from data privacy litigation to product liability and consumer deception matters. Her dedication to individuals harmed by corporate malfeasance and mentorship of young colleagues make her a true trailblazer of women in law.

Scott+Scott Files Lawsuit Against Major Banks

Scott+Scott Attorneys at Law LLP today filed a class action lawsuit on behalf of two California and Colorado residents against some of the nation’s leading banks, including JPMorgan Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, PNC, and Truist. The lawsuit of nationwide significance was filed in the United States District Court for the District of Connecticut and alleges that the largest U.S. banks conspired to fix, raise, and stabilize the rate charged to their most creditworthy customers for short-term loans, commonly referred to as “prime rates.”

Scott+Scott Files Securities Case Against Marex

Scott+Scott has filed a securities class action against Marex Group PLC and the company’s top executives, alleging that the fintech platform inflated its financial statements and applied fraudulent accounting practices. The lawsuit filed in the U.S. District for the Southern District of New York details how the financial services firm overstated its cash flow, while in fact manipulating accounting records and transactions history with its subsidiaries.

Dutch Court Hands Down Ruling in Case Against TikTok

The Amsterdam Court of Appeal this week handed down a landmark decision in a collective action first filed against TikTok in 2021 by Scott+Scott on behalf of Stichting Take Back Your Privacy with support of the Dutch Consumentenbond (Dutch Consumer Association). The case was brought under the Act on the Settlement of Mass Damages Claims in CollectiveActions (WAMCA) on behalf of three interest groups and alleges that the social media company is violating children’s privacy and consumer rights. This ruling is a significant step forward in bringing data privacy and GDPR-related cases under the WAMCA mechanism created in 2020.

Scott+Scott Files Lawsuit Against Meta Over Scam Ads

Scott+Scott this week filed a class action lawsuit against Meta, Instagram and WhatsApp on behalf of two financial professionals, alleging that the social media giants violated state and federal law by allowing scam impersonation advertisement on their platforms. According to the complaint Meta allowed fake impersonation ads on its platforms that “were designed to and caused consumer confusion, diverted prospective clients, damaged goodwill, as well as exposed class members to reputational harm, regulatory inquiries, and lost business opportunities. “

Department of Justice Antitrust Attorney Joins Scott+Scott

Jimmy S. McBirney, a former Senior Trial Attorney at the US Department of Justice, has joined Scott+Scott’s San Diego office as a Partner, where he will reinforce the Firm’s deep bench of trial lawyers and growing Antitrust & Competition Practice Group. “I couldn’t be more excited to join this outstanding team of talented and innovative professionals dedicated to holding bad corporate actors accountable to the people and businesses that they hurt,” McBirney said.

Scott+Scott Files Lawsuit Against Dutch Energy Suppliers

Scott+Scott on behalf of Dutch foundation -Stichting Consumenten Competition Claims Foundation (CCC) – launches a collective action against six major energy suppliers in the Netherlands. The action is brought on behalf of Dutch consumers with variable energy contracts on an opt-out basis.

Co-Lead Counsel in Securities Case Against Linqto Inc.

We are pleased to announce that Judge Lewis A. Kaplan of the United States District Court for the Southern District of New York has appointed Scott+Scott, along with co-counsel, as plaintiffs’ Co-Lead Counsel in a securities class action lawsuit against William Sarris, the founder and former CEO of Linqto Inc., a fintech platform that offered private investment in startups and pre-IPO companies. The charges outlined in the complaint include unregistered broker-dealer activity, excessive markups, fraudulent offerings and series deficiencies, and non-exempt unregistered securities offerings.