Scott+Scott has a proven track record of success in litigating shareholder derivative, corporate governance, and transactional matters. We have been singularly successful in vindicating shareholder rights and, as a result, are routinely at the forefront in fashioning the standards in this area of law.
Antitrust + Competition
$2.3 Billion in US settlements for market manipulation
Securities Litigation
Novel investment recovery under The Trust Indenture Act
Consumer Litigation
Data Breach case with $50 Million settlement
Corporate Governance
Record-setting sexual harassment settlement of $310 Million in corporate reforms
In re Alphabet, Inc. Shareholder Litig.
No. 3:21-cv-09388-RFL
Shareholder derivative action arising from Alphabet Inc.’s alleged violations of U.S. antitrust law in connection with the company’s search, Ad Tech, and Android mobile operating system and app distribution businesses; $500 million settlement to fund the overhaul of the Alphabet’s global corporate compliance program
In re Facebook, Inc. Stockholder Litig.
C.A. No. 2018-0307-KSJM
Shareholder derivative action arising from Facebook, Inc.’s alleged violations of user privacy standards and the Cambridge Analytica scandal, as well as alleged insider trading by Mark Zuckerberg; mid-trial settlement (subject to court approval) consisting of $190 million cash recovery and corporate governance reforms in the first ever Caremark case to proceed to trial
Irving Firemen’s Relief and Retirement Fund v. Page (Alphabet, Inc.)
C.A. No. 2019-0355-SG (Del. Ch.)
Shareholder derivative action concerning the Alphabet Board of Directors alleged “pattern of concealment” sexual misconduct and failure to protect customer data, all at the expense of shareholders; $310 million settlement on behalf to fund Company-wide workplace diversity and equity initiatives, as well as enhanced sexual harassment protections and data breach protections
In re Altria Group, Inc. Derivative Litig.
No. 3:20-cv-00772 (DJN) (E.D. Va.)
Shareholder derivative action concerning Altria Group’s investment in Juul Labs, Inc., which engaged in the sale and marketing of vaping products; $117 million settlement to fund anti-youth vaping programs, as well as enhanced transactional oversight
Rudi v. Wexner (L Brands / Victoria’s Secret)
No. 2:20-cv-03068 (S.D. Ohio)
Shareholder derivative action concerning the L Brands Board of Directors’ alleged failures in allowing a culture of sexual harassment to plague the company; $90 million settlement to fund diversity, equity and inclusion initiatives, increased training and oversight of contractors, revamping of sexual harassment and anti-retaliation policies, and elimination or non-enforcement of non-disclosure agreements
In re Abbott Laboratories Infant Formula S’holder Derivative Litig.
No. 1:22-cv-5513 (N.D. Ill.)
Shareholder derivative action arising from alleged bad faith conduct and false statements by directors and officers of Abbott Laboratories in connection with Abbott’s U.S. infant formula business, its nationwide product recall, and various related enforcement actions by the DOJ and FDA.
In re The Boeing Co. Derivative Litig.
C.A. No. 2024-1210-MTZ (Del. Ch.) & No. 1:24-cv-1200 (E.D. Va.)
Shareholder derivative actions alleging bad faith conduct and false statements by directors and officers of The Boeing Company related to airplane safety and compliance violations
In re Illumina, Inc. Consol. Derivative S’holder Litig.
C.A. No. 2024-1337-PAF
Shareholder derivative action arising from Illumina, Inc.’s $8 billion acquisition of healthcare company GRAIL and alleged violations of regulatory standstill obligations
Scott+Scott Managing Partner David Scott has been invited to chair a panel on Planning Global Strategy at the Global Class Actions Symposium to be held in Lisbon, Portugal November 12-13. As collective redress is one of the fastest developing and most dynamic sectors of the law, David Scott will moderate an in-depth conversation on class-action regimes across European and U.S. jurisdictions.
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Multichain specialty retailer L Brands announced a $90 million corporate governance reform agreement Friday to settle multiple derivative lawsuits seeking damages arising from “toxic” workplace conditions, including sexual harassment.
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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.
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