SECURITIES

Scott+Scott has extensive experience litigating securities fraud on behalf of our governmental entity, institutional, and individual clients, serving as lead counsel in numerous securities class actions since the enactment of the Private Securities Litigation Reform Act of 1995 (“PSLRA”). Through our commitment to the best interests of those the Firm represents, Scott+Scott has successfully obtained exceptional monetary results on behalf of investors.

Attorneys View Cases

LANDMARK CASES

US FOREX

Antitrust + Competition

$2.3 Billion in US settlements for market manipulation

BoA/US BANCORP

Securities Litigation

Novel investment recovery under The Trust Indenture Act

Wendy's

Consumer Litigation

Data Breach case with $50 Million settlement

GOOGLE

Corporate Governance

Record-setting sexual harassment settlement of $310 Million in corporate reforms

Representative caseS

In re Priceline.com, Inc. Sec. Litig.,
No. 3:00-cv-01884 (D. Conn. July 19, 2007)
Securities fraud action on behalf of priceline.com investors alleging misrepresentation of the Company’s business model. ($80 million settlement)

Irvine v. ImClone Sys., Inc.,
No. 1:02-cv-00109 (S.D.N.Y. July 29, 2005)
Securities fraud case arising out of the drug manufacturer’s concealment of adverse information relating to the Company’s flagship new drug candidate. ($75 million settlement)

Cornwell v. Credit Suisse Grp.,
No. 08-cv-03758 (S.D.N.Y.)
Securities fraud class action alleging false and misleading statements by the investment bank regarding its profitability, loan debt and risk management policies. ($70 million settlement)

Policemen’s Annuity & Benefit Fund of Chi. v. Bank of Am., N.A.,
No. 12-cv-02865 (S.D.N.Y.)
Class action alleging failure to repurchase defective mortgages against Bank of America and U.S. Bank, as Trustees for Washington Mutual-sponsored mortgage-backed securities. ($69 million settlement)

In re SanDisk LLC Sec. Litig.,
No. 15-cv-01455 (N.D. Cal.)
Securities fraud class action against data storage company SanDisk Corporation and certain of its officers and directors alleging false and misleading statements regarding sales and production delays. ($50 million settlement)

Weston v. RCS Capital Corp.,
No. 1:14-cv-10136 (S.D.N.Y.)
Securities fraud class action alleging false and misleading statements regarding the Company’s core wholesale distribution, investment banking businesses, and its prospects for success. ($31 million settlement)

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News + Press

Securities glasses on top of newspaper with cup of coffee and laptop Perspective: Litigation – State of pay?

Perspective: Litigation – State of pay?


Scott+Scott managing partner David Scott comments on how changes in legislation like the UK’s Consumer Rights Act 2015 have led to an increase of class actions led by pension funds as they seek to recover investment losses and improve corporate governance.

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Securities The Firm
Securities downward stock chart on top of a world map Teamsters Fund Sues AllianzGI For Hedge Fund Losses

Teamsters Fund Sues AllianzGI For Hedge Fund Losses


Scott+Scott filed suit on behalf of Participants in the Teamster Members Retirement Plan against Allianz Global Investors and its subsidiaries, saying investors in a hedge fund it managed lost nearly $1 billion.

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Securities The Firm
Securities judges gavel and legal scales Allianz Investment Arm Sued Over $1B Loss From Virus Crash

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.

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Securities The Firm
Consumer minimalist abstract view of staircase Scott+Scott Obtains Restraining Order in Action Over Madoff Losses

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.

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Consumer Securities