Click on the headlines below to check out the latest news, opinion pieces and attorney accolades.
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.
The Competition Appeal Tribunal today approved a £37.25 million settlement between Mark McLaren, class representative in the car delivery charges legal action, and WWL/EUKOR and “K” Line, two of the four shipping companies named in the lawsuit.
This brings total compensation up for grabs by UK businesses and consumers to £38.75 million, including the CSAV settlement that was approved in December last year.
Microsoft is facing a new billion-pound legal action by UK businesses and organisations that were allegedly overcharged for Microsoft products. Court papers filed today by leading digital markets regulation and policy expert Dr Maria Luisa Stasi and her lawyers at the complex disputes resolution firm Scott+Scott argue that affected UK businesses and organisations are collectively owed more than £1 billion in compensation after being overcharged for licencing Windows Server for use on Microsoft’s main rivals’ cloud platforms.
Scott+Scott attorneys recently received numerous recognitions for their outstanding achievements in antitrust and securities law. “We are thrilled that our attorneys have earned these well-deserved recognitions. These accolades only underscore our team’s innovative approach to antitrust and securities law from hard-fought litigation to successful case resolution,” Scott+Scott Managing Partner David Scott said.
Scott+Scott secured a landmark trial verdict of $39 million dollars against Assured Rx and several of its staff as well as business acquaintances. The long-running case filed in the Superior Court of Connecticut under the False Claims Act, centered on a money kickback scheme aiming at enticing patients to buy Assured Rx compound prescription drugs and seek reimbursement through their state’s healthcare plan.
Scott+Scott is proud to support the Delaware Law Related Education Center’s mission to provide active learning experiences and skills developments for Delaware students. Through its various programs and initiatives, DELREC seeks to foster a greater understanding of law, encourage and support student participation in law-related education, provide access to information about careers in the law and public service sector, and encourage interest in legal careers.
Scott+Scott New York and Chicago-based Partners Karin Garvey and Brian Hogan earlier this week were recognized by the American Antitrust Institute for their co-lead counsel role in the high-profile case Fusion Elite Stars, et al. v. Varsity Brands, LLC, et al., brought on behalf of two nationwide classes of All Star Cheer gyms and spectators. Scott+Scott San Diego-based Attorney Patrick Rodriguez was recognized for his Outstanding Antitrust Litigation Achievement by a Young Lawyer.
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.
Scott+Scott Consumer Practice Group Chair Joseph P. Guglielmo has been appointed Co-Lead Counsel in In re: Consumer Vehicle Data Tracking Collection (No. 1:24-MD-3115-TWT), a multidistrict litigation pending in the United States District Court for the North District of Georgia before United States District Judge Thomas W. Thrash, Jr.
Scott+Scott Amsterdam on behalf of the non-profit foundation Fiat Chrysler Investors Recovery Stichting (“FCIRS”) on August 28, 2024, filed a securities class action lawsuit against Fiat Chrysler’s legal successor Stellantis, alleging that the automobile manufacturer for years cheated regulators and the broader public in relation to emissions testing.
Scott+Scott Attorneys at Law LLP, along with The Schall Law Firm as co-counsel, today filed a securities class action on behalf of one investor and other shareholders who purchased Endava securities (NYSE: DAVA) between May 23, 2023, and February 28, 2024. Endava provides technology services for clients in the consumer products, healthcare, mobility, and retail sectors.
We are thrilled to announce that Scott+Scott Attorneys at Law LLP earlier today launched its bilingual Canadian website www.scott-scott.ca. As a global law firm, the new website is specifically tailored to our Canadian neighbors. Coinciding with the launch of our Canada website, a securities class action against CAE Inc. and its executives was recently filed before the Superior Court of Québec.
Scott+Scott Attorneys at Law LLP, along with The Schall Law Firm as co-counsel and Ward Smith & Hill as of counsel, today filed a securities class action lawsuit in the United States District Court of Texas against the global spine and orthopedics manufacturer Orthofix Medical, Inc. [NASDAQ: OFIX).
Scott+Scott Attorneys at Law LLP recently filed a class action lawsuit against XPEL Inc. and its chief executive officers on behalf of investors who – between November 8, 2023 and May 2, 2024 – purchased securities issued by the manufacturer of protective automobile paint and window coatings.
Scott+Scott Attorneys at Law LLP, along with Cafferty Clobes Meriwether & Sprengel LLP and Kirby McInerney LLP as co-counsel, last week announced a $35 million settlement reached with Apple Inc. and Apple Value Services, LLC relating to an alleged gift card scam impacting thousands of consumers nationwide. The settlement resolves the class action lawsuit Carl […]
The complaint alleges, that during the Class Period, Defendants made misleading statements and omissions regarding the Company’s business, financial condition, and prospects. Specifically, Defendants misled the market concerning demand for Fox Factory’s products and inventory levels. After the Company’s filing of its Form 8-K with the SEC, the price of Fox Factory’s common stock closed […]
Scott+Scott Attorneys at Law, a global law firm that represents victims of antitrust violations, securities fraud, and other wrongdoing, today announced the strategic addition of four highly respected antitrust partners. The new additions include Karin Garvey, Robin A. van der Meulen, Matthew Perez, and Brian Hogan. Managing Partner David R. Scott commented that “we are […]
Scott+Scott Attorneys at Law, a global law firm that specializes in complex litigation, is excited to announce the opening of its latest office in Wilmington, Delaware. This expansion underscores the Firm’s commitment to pivotal jurisdictions that serve the clients’ needs and interests. “As we continue to expand our presence across key jurisdictions, the opening of […]
The National Trial Lawyers proudly announces the selection of Paige Alderson, a distinguished member of Scott+Scott, as an NTL ‐ Civil Plaintiff ‐ Top 40 under 40 Trial Lawyer in the state of Delaware. The Top 40 Under 40 distinction is bestowed upon a select group of attorneys who exhibit superior qualifications, exemplary trial results, […]
Approximately one million used-car buyers across the UK could be owed compensation for interest rate overcharging as a result of the operating models used by finance providers, according to legal claims filed at the Competition Appeal Tribunal on Friday 21st July. • Three major legal actions, the “Car Finance Claim”, have been launched in the […]
Former Ofgas head Clare Spottiswoode brings claim to seek compensation formillions of electricity customers in Great Britain
Big Win for Investors Means Bad News for Celebrity Promoters On Tuesday, June 6, 2023, US District Judge Michael Fitzgerald in Los Angeles denied in part various motions to dismiss a case alleging that Kim Kardashian, Floyd Mayweather Jr., Paul Pierce (among others), engaged in fraudulent and misleading activities concerning the promotion of the EMAX […]
Scott+Scott is delighted to announce that seven of our attorneys have been selected for inclusion in “Lawdragon’s 500 Leading Plaintiff Financial Lawyers in America” guide.
As the Biden administration ramps up its scrutiny of the cryptocurrency industry, a handful of small litigation shops are piling up class actions against crypto exchanges and digital token issuers, pursuing theories that could shape how decades-old laws apply to the emerging field.
Northeastern dairy farmers today filed a federal class action lawsuit accusing the nation’s largest dairy cooperative, Dairy Farmers of America (“DFA”), of violating federal antitrust laws.
David Scott, the Firm’s managing partner, was recently interviewed by an Australian Broadcasting investigative reporter for an episode of Four Corners focused on the crypto craze.
Scott+Scott has experienced incredible growth over the past decade. Along with building our team and capabilities, we have greatly expanded our physical presence in new markets and jurisdictions with offices in 10 major cities, including New York, London, Amsterdam, and Berlin.
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.
Amerikaans bedrijf dat collectieve schadevorderingen instelt, knoopt nieuwe banden aan met de gerenommeerde Brick Court Chambers in Londen en ontwikkelt verdere plannen voor de beslechting van geschillen over Forex.
Amerikaans bedrijf dat collectieve schadevorderingen instelt, knoopt nieuwe banden aan met de gerenommeerde Brick Court Chambers in Londen en ontwikkelt verdere plannen voor de beslechting van geschillen over Forex.
Vijf banken zijn door beleggers voor een Britse antitrustrechtbank gedaagd omdat zij de wereldwijde valutamarkt zouden hebben gemanipuleerd in een Amerikaanse class action die meer dan 1 miljard pond (1,2 miljard dollar) eist.
Markus Hutschneider, former head of case management competition litigation for Deutsche Bahn, has joined Scott+Scott to head its new competition litigation-focused Berlin office.
Judge rules in favor of allowing the 12-year-old plaintiff to remain anonymous in her pursuit of claims that the video-sharing app TikTok is illegally exploiting the personal data of children.
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.
US plaintiffs firm Scott+Scott Attorneys at Law LLP announced Thursday it is launching a Berlin office led by an antitrust expert from Deutsche Bahn in an effort to cater to large multinationals seeking damages for breaches of competition law.
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.
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.
Five shipping companies fined for running a cartel for transporting cars to the UK have become the target of a £150 million ($189 million) US-style class action in London led by law firm Scott+Scott UK LLP.
Dealerships could be in line for a refund of up to £60 per new car that they bought, thanks to a class action against five major shipping companies.
Scott+Scott files legal action in the UK’s Competition Appeal Tribunal under the Consumer Rights Act in a bid to win back some money for consumers who bought or leased a new motor and may have been overcharged due to price-fixing scheme.
Scott+Scott, who led a US class action against banking giants over allegations of foreign exchange rigging, files consumer antitrust suit in a test case for US-style class actions brought in England.
Scott+Scott Netherlands files suit on behalf of state utility companies in the Gulf region against power-cable producers over their involvement in a multiyear global cartel.
Scott+Scott filed a collective-action case at the Competition Appeal Tribunal (CAT) against currency traders for foreign exchange rigging. No one is laughing now.
Five banks face a £1 billion class action lawsuit in Britain for allegedly rigging the foreign exchange market. Scott+Scott predicts that the class action will be joined by “tens of thousands” of entities, such as pension funds.
Barclays, JP Morgan, RBS, UBS, and Citigroup are being sued by investors over allegations they rigged the global foreign exchange market in a claim estimated to be worth more than £1 billion ($1.24 billion).
Barclays and the Royal Bank of Scotland (RBS) are among five banks targeted in a £1 billion class action lawsuit over forex rigging that was filed today through the Competition Appeal Tribunal (CAT) as a collective action.
Five banks sued in a UK antitrust court by investors over allegations that they manipulated the global foreign exchange market in a US-style class action seeking more than £1 billion ($1.2 billion).
Scott+Scott files European version of a class-action lawsuit that resulted in $2.3 billion of settlements in the US Claim dealers manipulated FOREX markets and caused investors losses on currency trades.
Brussels has fined banks €1.07 billion for participating in cartels to manipulate the foreign exchange market for 11 currencies. Lawyers for investors in the US civil case have been waiting for the ruling to launch the European leg of claims.
Barclays, Citigroup, JP Morgan, MUFG, and Royal Bank of Scotland were fined a combined €1.07 billion ($1.2 billion) by the European Union for rigging the multi-trillion-dollar foreign exchange market.
Five banks have been fined more than €1 billion (£875 million) by the European Union for rigging the multi-trillion-dollar foreign exchange market. European Commission says decision shows ‘collusive behaviour will not be tolerated.
European Union authorities on Thursday fined five global banks a total of €1.07 billion ($1.2 billion) for manipulating the foreign-currency market by exchanging sensitive information and trading plans through online chat rooms to gain financially.
Scott+Scott Attorneys at Law LP and Lowey Dannenberg PC to head up a proposed class action on behalf of investors who say major banks plotted for several years to fix Fannie Mae and Freddie Mac bond prices.
Scott+Scott opens an office in the Netherlands as it seeks to address client concerns about the effect of Brexit on competition litigation.
Scott+Scott announces the opening of Scott+Scott Europe BV in Amsterdam, continuing its global expansion.
Scott+Scott files a class action lawsuit in federal district court in Chicago alleging the nation’s four largest beef packers violated US antitrust laws by unlawfully depressing the prices paid to American ranchers.
Vodafone and its affiliates allege that the merchant service charges they’re required to pay for each Visa and MasterCard credit and debit card transaction have been “material times higher” than they should be.
New York’s banking regulator said Tuesday that Standard Chartered Bank will pay $40 million to resolve claims that it participated in a scheme to rig foreign exchange benchmark rates.
Putnam Bank accuses the owner of the New York Stock Exchange of conspiring with some of the world’s largest banks to artificially deflate a key financial benchmark.
Eastman Kodak Co. units file a claim in the High Court of Justice of England and Wales against Goldman Sachs, Glencore and others with a lawsuit accusing them of manipulating aluminum prices.
Three senior Court of Appeal judges ruled that Visa Inc. and MasterCard Inc. set the swipe fees, also known as interchange fees — the bank-to-bank charges levied on each credit card purchase — at an unlawful level that restricted competition.
Visa and MasterCard have lost appeals in their long-running battle against a host of retailers, as an English court found their multilateral interchange fee schemes restrict competition.
HSBC has been fined $175 million by the US Federal Reserve for failing to stop its traders from misusing confidential customer information and for telling competitors about their own trading positions.
Standard Chartered is among five banks that have collectively agreed to settle American legal claims relating to rigging prices in the $5 trillion-a-day foreign exchange market.
Five more banks have agreed to settle claims that they manipulated currency markets, as the foreign exchange scandal continues to haunt the financial industry.
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.
A group of London restaurateurs and private clubs, the Bourne Leisure travel group, and discount retailer Poundland have filed another round of competition claims in the UK against Visa and MasterCard over interchange fees.
After securing settlements of over $2 billion for people in the US who purchased foreign currency and foreign exchange instruments from big banks, David Scott, managing partner of Scott+Scott, has been assessing the appetite for similar claims in the EU.
Connecticut-based Scott+Scott hired Freshfields Bruckhaus Deringer competition litigation lawyer Belinda Hollway to head up its first City office and European base.
Seven banks have agreed to pay $324 million to settle claims they conspired to rig the ISDAfix benchmark, which is used in the sale of interest-rate derivatives and other financial instruments.
US claimant class action firm establishes new links with London’s distinguished Brick Court Chambers as it develops further plans for Forex litigation.
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.
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.
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.
In 2016, First Choice Federal Credit Union and other financial institutions sued Wendy’s fast food restaurant over a five-month-long data breach, citing the vulnerabilities in the chain’s data security systems that allowed hackers to access 18 million payment cards. Scott+Scott acted as co-lead counsel representing the financial institution and the putative class in this action.
In 2013, Scott+Scott brought suit against some of the world’s largest banks alleging the banks colluded to fix the prices of foreign exchange transactions. Scott+Scott represents individuals and institutional investors, public pension funds, police and fire pension funds, and Taft-Hartley union funds.