GrandVision NV and others v. MasterCard Inc. and others
Nearly four dozen eyewear retail businesses, including GrandVision NV, Vision Express Group Ltd. and The Vision Factory BV, filed a pair of competition claims on June 4 against MasterCard Inc. and Visa Inc. The retailers are [...]
Visa, Mastercard hit with UK card-fee damages claims by GrandVision
Author: Simon Zekaria Visa and Mastercard are facing antitrust damages claims in the UK from Dutch optical retailer GrandVision and a slew of subsidiaries over alleged anticompetitive card network payment fees, MLex has learned. The [...]
New Britain Becomes Second Connecticut City To Sue Opioid Makers
By WSHU News Staff•Dec 7, 2017 The City of New Britain has filed suit against manufacturers and distributors of opioid painkillers. The suit is similar to one filed by New Haven last month. Both cities [...]
New Britain sues big pharma over alleged opioid deception
Patricia Daddona Following through on a promise made in October, New Britain has sued some of the nation's largest pharmaceutical companies, alleging they have misled the public about the dangers of prescription opioids. The lawsuit [...]
City sues drug giants
Christina Carrafiell Nov 14, 2017 Contributing Reporter City Hall filed a lawsuit on Nov. 7 against Purdue Pharma and other pharmaceutical manufacturers and distributors, alleging that they are contributing to the opioid crisis in New [...]
New Haven Sues OxyContin Maker Over Opioid Crisis
New Haven is suing the company that manufactures OxyContin for "deceptive marketing" that is blamed for the city's opioid crisis. New Haven filed a lawsuit against Purdue Pharma Tuesday seeking compensation for costs faced by [...]
New Haven sues Purdue Pharma, others over opioid crisis
Purdue Pharma was sued Tuesday by New Haven over what the city called deceptive marketing, which it says has fueled the city’s epidemic of opioid abuse.The new allegations parallel those in lawsuits filed this year [...]
Opioid lawsuit details millions of pills delivered to Paterson area
Joe Malinconico, Paterson Press Published Oct. 30, 2017 PATERSON — The amount of oxycodone, a highly addictive painkiller, delivered to pharmacies in the Paterson area more than doubled over a recent five year period, according to [...]
Paterson Demands Drug Manufacturers Help Solve Epidemic of Opioid Use
By MAX BECKERMAN TAPinto.net PATERSON, NJ- Just weeks after local pharmacy owner Warren Cortese joined forces with the body that governs high school athletics in the State of New Jersey to reduce the use opioids [...]
Paterson files lawsuit against drug companies for allegedly causing opioid epidemic
The city has filed a lawsuit against nine drug companies for their alleged role in causing the opioid epidemic that has devastated Paterson. In its 78-page complaint filed in the Passaic County Superior Court on [...]
Paterson sues drug companies over prescription opioids
PATERSON - The City of Paterson is suing some of the country's largest drug companies, saying they misled the public about how the dangers of prescription opioids. Scott+Scott, Attorneys at Law, LLP announced Tuesday that [...]
Paterson Sues Pharma Companies Over Opioid Crisis
By Vince Calio, October 24, 2017 The city of Paterson has filed a lawsuit against several pharmaceutical companies, including New Brunswick-based Johnson & Johnson and its Janssen Pharmaceuticals unit, over the opioid crisis. The lawsuit [...]
Soho House UK Ltd. and others v. Visa Europe Ltd.
Law360, New York (October 20, 2017) Club operator Soho House UK Ltd. and more than a dozen other merchants mainly in the hospitality sector filed two separate claims to the Competition List against Visa Inc., [...]
US Fines HSBC $175m Over ‘unsound’ FX Trading
Financial Times by Martin Arnold HSBC has been fined $175m by the US Federal Reserve for “unsafe and unsound practices” in its foreign exchange trading business. The Fed said it had fined the UK-listed bank [...]
Deutsche Bank To Pay $190M In Forex Rigging Deal
Law360, New York (September 29, 2017, 11:16 AM EDT) -- Deutsche Bank AG on Friday agreed to pay $190 million to settle allegations that it rigged foreign exchange rates, making it the latest in a [...]
Deutsche Bank in $190 Million Currency-Rigging Settlement
NEW YORK — Deutsche Bank AG agreed to pay $190 million to settle U.S. litigation accusing it of rigging prices in the roughly $5.1 trillion-a-day foreign exchange market. The German lender is the 15th of [...]
$111M Forex Deals Get Preliminary OK, 15th Bank Settles
Law360, New York (September 5, 2017, 3:33 PM EDT) -- A New York federal judge on Tuesday gave preliminary approval to proposed settlements totaling $111.2 million between five banks and investors in a suit accusing [...]
Standard Chartered is among five banks paying $111m over foreign-exchange rigging
The Times 31.07.17 Standard Chartered is among five banks that have collectively agreed to pay more than $100 million to settle American legal claims relating to rigging prices in the $5 trillion-a-day foreign exchange market. [...]
Banks settle currency manipulation claims for $111m
The Daily Telegraph 30 July 2017 Five more banks have agreed to pay a total of $111m to settle claims that they manipulated currency markets, as the foreign exchange scandal continues to haunt the finance [...]
UBS, HSBC Pen $28M Settlement In Swaps-Rate Class Action
Law360, Los Angeles (July 11, 2017, 9:09 PM EDT) -- Banking giants UBS AG and HSBC Bank USA NA have each agreed to pay $14 million to settle class action claims that they participated [...]
VISA, MASTERCARD HIT WITH MORE UK SWIPE FEE ANTITRUST CLAIMS
Law360, New York (June 14, 2017, 6:50 PM EDT) -- Visa and Mastercard have been hit with another round of competition claims in the U.K. from a group of London restaurateurs and private clubs, the Bourne [...]
DEUTSCHE BANK FACES FRESH LEGAL CLAIMS OVER ’LAST LOOK’ TRADES
A US-based law firm will announce plans on Monday to pursue legal action against the Eurozone's biggest lender, Sky News learns. The Eurozone's biggest lender is facing fresh legal action over foreign currency trading practices [...]
SCOTT + SCOTT TO TAKE ON DEUTSCHE BANK IN EUROPE AFTER US SUCCESS
US law firm Scott + Scott says it has signed up more than 40 European claimants as it gears up to take Deutsche Bank to court over forex manipulation. The firm, which launched in London [...]
EX-BARCLAYS CURRENCY TRADER COPS TO FOREX CONSPIRACY
Law360, New York (January 4, 2017, 8:31 PM EST) -- A former currency trader for Barclays PLC on Wednesday became the first person to plead guilty in the long-running global investigation of price-fixing on the [...]
INVESTORS PROPOSE DISTRIBUTION PLAN IN $2B FOREX SETTLEMENT
Law360, New York (September 1, 2016, 11:20 AM ET) -- Plaintiffs in a $2 billion foreign exchange manipulation settlement with nine banks, including JPMorgan Chase & Co. and Citigroup Inc., on Wednesday filed their proposal [...]
WATCH OUT, BIG BANKS: THE CLAIMS ARE COMING, AND HERE’S THE LAWYER WHO’S BRINGING THEM
City A.M Hayley Kirton Before the rigging scandals started to rock the City, most people would have been wholly unfamiliar with the idea of a 4pm fix or the Libor question. Then, in 2012, Barclays' [...]
SEVEN BANKS TO PAY $324 MILLION TO RESOLVE ISDAFIX CLAIMS
Bloomberg Seven banks including Bank of America Corp., Barclays Bank Plc and Citigroup Inc. agreed to pay $324 million to settle claims they conspired to rig the ISDAfix benchmark, which is used in the sale [...]
SEVEN MAJOR BANKS SETTLE SWAP RATES FIXING CLASS ACTION FOR $324 MLN
Finance Magnates Law Firm Scott + Scott Class Action Payout Over $1.1 billion. Seven banks, amongst which are Bank of America, Citigroup and JPMorgan Chase, have settled a class action lawsuit in New York, agreeing [...]
BOFA, CITI, JPMORGAN AMONG 7 BANKS IN $324M ISDAFIX DEAL
Law360, New York (May 3, 2016, 5:15 PM ET) -- Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. were among seven banks that on Tuesday agreed to pay a total of $324 [...]
BANKS LOSE BID TO END ISDAFIX CLASS ACTION
Law360, New York (March 28, 2016, 5:38 PM ET) -- A federal judge in New York on Monday allowed a putative class action alleging a host of banks manipulated an interest rate derivative benchmark to [...]
NEW YEAR, NEW LEGAL BILLS FOR THE FOREX-RIGGING BANKS
The Independent Bankers that manipulated foreign exchange markets have paid out $2bn in civil claims to aggrieved US clients. But in 2016 they will face still more claims in the UK courts. And the damages [...]
RISE OF THE CLAIMANT FIRMS
Global Competition Review Country Survey Issue: Volume 19 - Issue 1 Tom Webb It's early days for Scott + Scott, the UK branch of the top US claimant-side firm. It's only been operational in London [...]
HSBC, BARCLAYS AND RBS IN $1.2BN SETTLEMENT OVER CURRENCY-RIGGING LAWSUIT
Independent Barclays, HSBC and the Royal Bank of Scotland together with Goldman Sachs and BNP Paribas have agreed to pay a total of $1.2 billion (£780 million) in a class action settlement in the United [...]
UK INVESTORS COULD START FOREX LAWSUITS AFTER BANKING TRIO SETTLE FOR $1BN IN US
The Daily Telegraph Barclays will pay $384m, RBS $255m and HSBC $285m to settle claims they rigged foreign exchange markets British investors could soon begin legal action against banks accused of rigging foreign exchange markets, [...]
THREE UK BANKS AGREE TO £600M FINE FOR FOREIGN EXCHANGE RIGGING
City AM THREE of Britain's biggest banks were slapped with a $924m (£600m) bill for rigging foreignexchange markets yesterday. Barclays, HSBC and RBS agreed the bill during a US federal court hearing, according to reports [...]
BARCLAYS, HSBC AND RBS IN $1.2BN SETTLEMENT OVER CURRENCY-RIGGING ACTION
Evening Standard Three British banks, Goldman Sachs and BNP Paribas have agreed to pay a total of $1.2 billion (£780 million) in a class action settlement in the United States over foreign-exchange rigging. The case [...]
BARCLAYS TO PAY $384M, HSBC $285M IN FOREX CASE
Law360, New York (October 22, 2015, 4:10 PM ET) -- Barclays PLC agreed to pay $384 million and HSBC Holdings PLC will pay $285 million as part of a broader, $2 billion settlement of claims that banks manipulated the [...]
UK BANK TRIO AGREE $924M FOREX-RIGGING BILL
By Mark Kleinman, City Editor - Sky News Barclays, HSBC and RBS have been hit by another massive bill in the mounting FX-rigging scandalBarclays, HSBC and RBS have been hit by another massive bill in [...]
SCOTT & SCOTT’S LONDON CALLING GROWS STRONGER
Ben Rigby - 19 October, 2015 Commercial Dispute Resolution The US claimant class action firm establishes new links with a leading London set as it develops further plans for Forex litigation. The tie-up adds an [...]
LAWYERS CIRCLE AS EUROPEANS EYE NEW ROUTE TO FX-RIGGING PAYOUTS
By Kirstin Ridley LONDON (Reuters) - Large companies and fund managers in Britain looking to sue banks over foreign exchange rigging are eyeing a fresh route to seeking damages, as a new law ushers in [...]
‘A HOLE IN THE MARKET’: SCOTT + SCOTT OPENS IN THE CITY WITH PLANS TO EXPLOIT CONFLICTS AND CASH IN ON COMPETITION CLASS ACTIONS
Legal Business - U.K. In anticipation of a boom in competition-based disputes as the Consumer Rights Act comes into force, US firm Scott+Scott is planning to kick-start its City offering by pursuing banks found guilty [...]
BRITISH FIRMS AND PENSION FUNDS FACING A FOREIGN EXCHANGE TIME-BOMB
The Daily Telegraph US lawyers are coming to the UK to launch competition suits in London after a series of successes in New York The firefighters of Oklahoma had a lot to celebrate this month. [...]
BBC RADIO 4 INTERVIEWS DAVID SCOTT REGARDING LIKELY LITIGATION IN THE U.K. OVER FOREX RATE RIGGING
BBC Radio 4's Simon Jack interviews David Scott, managing partner of US law firm Scott & Scott, regarding likely litigation in the U.K. over the rigging of currency markets, following historic legal settlements in New [...]
BANKS BRACED FOR BILLIONS IN CIVIL CLAIMS OVER FOREX RATE RIGGING
Financial Times Emma Dunkley and Lindsay Fortado Global banks are facing billions of pounds-worth of civil claims in London and Asia over the rigging of currency markets, following a landmark legal settlement in New York. [...]
FOREX SETTLEMENTS HIT $2B AS GOLDMAN, 4 OTHERS REACH DEALS
By Evan Weinberger Law360, New York (August 13, 2015, 5:24 PM ET) -- Barclays PLC, Goldman Sachs Group Inc., BNP Paribas SA, HSBC Holdings PLC and the Royal Bank of Scotland PLChave agreed to settle [...]
FOREX SUIT ADDS JAPANESE, CANADIAN, FRENCH, UK BANKS
By John Kennedy Law360, New York (July 31, 2015, 8:12 PM ET) -- Four foreign banks have been added as defendants to a class action that claims a number of banks orchestrated a conspiracy to [...]
SCOTT+SCOTT FILES NEW CLASS ACTION COMPLAINT IN FOREIGN EXCHANGE LAWSUIT
NEW YORK, July 31, 2015 (GLOBE NEWSWIRE) -- Scott+Scott, Attorneys at Law, LLP announces that it has filed a Second Consolidated Amended Class Action Complaint on behalf a proposed class in In re Foreign Exchange Benchmark [...]
FOREX-RIGGING BANKS THREATENED WITH MULTIMILLION-POUND LAWSUIT
The Guardian A US law firm is preparing a multimillion-pound lawsuit against banks found guilty of manipulating the foreign exchange market. The action is being led by Connecticut-based Scott + Scott and is aimed at [...]
BANKS FACE NEW LEGAL ACTION OVER FOREX MANIPULATION
BBC News Kamal Ahmed After fines totalling many billions of pounds from UK and US regulators, a new threat is about to hit the major banks found guilty of manipulating the foreign exchange market. US [...]
TESCO ADMITS TO ‘PROBABLE BREACHES’ OF GROCERIES SUPPLY CODE
Harpers By: Erin Smith Tesco has in it's recently released annual report stated that "regrettably, we have conclude that there have been a number of instances of probable breaches of the Code which fall short [...]
ACCOUNTANCY WATCHDOG TO FOCUS ON SUPPLIERS AFTER TESCO PROFITS SCANDAL
The Guardian By Sarah Butler The Financial Reporting Council will make retailers' relationships with their suppliers a priority due to 'increasingly complex arrangements' Tesco's profits overstatement has increased the focus on retailers' relationships with their [...]
TESCO TO FACE STAR CITY LAWYER PHILIP MARSHALL IN LEGAL BATTLE WITH SHAREHOLDERS OVER ACCOUNTING SCANDAL
London Evening Standard By Simon Neville Furious investors have called on the high-flying QC who crossed swords with F1 boss Bernie Ecclestone and the billionaire Barclay brothers to sue Tesco over the supermarket giant's £263 [...]
TESCO SHAREHOLDERS TO PURSUE COMPENSATION CASE “VIGOROUSLY”
Insider Media Limited A group of Tesco shareholders seeking compensation from the Hertfordshire retailer has said it intends to pursue the case "vigorously". Tesco Shareholder Claims Ltd (TSC), a not for profit group, announced in [...]
BREAKFAST BRIEFING: RETAIL NEWS ON TESCO AND MARKS & SPENCER
Retail Week Retail news round-up on May 28, 2015: Philip Marshall QC to act in Tesco profits legal case, Tesco partners with Weve, M&S execs get small payout from share scheme Philip Marshall QC to [...]
UNHAPPY TESCO SHAREHOLDERS HIRE QC FOR PROFIT SCANDAL BATTLE
City Wire By Danielle Levy A group of frustrated Tesco shareholders have appointed a leading barrister to represent them in a legal battle concerning the overstatement of the retailer's profit last year. According to Sky [...]
TESCO SHARE PRICE EDGES DOWN AS SHAREHOLDER GROUP RAMPS UP LEGAL BATTLE
A group of Tesco shareholders seeking compensation from the supermarket claim the troubled supermarket "committed serious violations" by overstating its profits.
TESCO FACING ‘SUBSTANTIAL’ SHAREHOLDER DAMAGES CLAIM IN THE U.K.
Bloomberg Business By James Boxell Tesco Plc is facing the threat of a shareholder damages claim in the U.K. over the 263 million-pound ($404 million) profit overstatement that plunged Britain's biggest retailer into crisis last [...]
LEADING QC FIGHTS TESCO OVER PROFITS SCANDAL
SKY News By Mark Kleinman, City Editor A prominent barrister who fought against a challenge to Liverpool FC's last change of ownership is to represent Tesco shareholders in a legal battle over the retailer's profit [...]
CITIGROUP SETTLES INVESTORS’ PRIVATE FOREX LAWSUIT
WSJ By CHRISTINA REXRODE May 20, 2015 1:39 p.m. ET Bank to pay $394 million to settle suit, part of $1.66 billion in settlements announced Wednesday Citigroup Inc. will pay $394 million to settle its [...]
CITI TO PAY $394M IN ANTITRUST DEAL WITH FOREX INVESTORS
LAW360: By Melissa Lipman Law360, New York (May 20, 2015, 11:22 AM ET) -- Citigroup Inc. has agreed to pay $394 million to settle with a group of private investors who accused the bank of [...]
BOFA WILL PAY $180M TO SETTLE FOREX CLASS ACTION
Band of America Forex Settlement LAW 360: By Kurt Orzeck Law360, Los Angeles (April 29, 2015, 8:27 PM ET) -- Bank of America Corp. will pay $180 million to settle claims in an antitrust class [...]
BOFA REACHES SETTLEMENT IN FOREX CLASS ACTION
Law360: Law360, New York (April 16, 2015, 8:41 AM ET) -- Bank of America Corp. on Thursday became the third global bank to reach a settlement in an antitrust class action alleging that it was part [...]
UBS AGREES TO $135M SETTLEMENT IN FOREX CLASS ACTION
LAW 360: By Evan Weinberger Law360, New York (March 13, 2015, 12:11 PM ET) -- UBS AG on Friday agreed to a $135 million settlement in an antitrust class action alleging that it was part [...]
TESCO FACES FURTHER LEGAL ACTION FROM UK SHAREHOLDERS
BBC News 24 March 2015 Tesco Shareholder Claims said it believed that had the accounting irregularities not taken place both the share price would be "materially higher". Tesco is facing potential legal action from UK [...]
TESCO POTENTIALLY FACES A HUGE LAWSUIT OVER ‘PERMANENT DESTRUCTION OF VALUE TO SHAREHOLDERS’
Business Insider: Lianna Brinded Mar. 24, 2015, 5:35 AM REUTERS/Paul Hackett A sign is seen on the wall of a Tesco building in Bow, east London August 29, 2014. Tesco faces a massive shareholder lawsuit [...]
JPMORGAN TO PAY $99.5M TO ESCAPE FX RIGGING CLASS ACTION
Law360: By Evan Weinberger Law360, New York (January 30, 2015, 8:33 PM ET) -- JPMorgan Chase & Co. will pay $99.5 million to exit an antitrust class action alleging the bank was part of a [...]
SCOTT+SCOTT, ATTORNEYS AT LAW, LLP FILES SECURITIES CLASS ACTION LAWSUIT AGAINST CR INTRINSIC INVESTORS, LLC, AMONG OTHER DEFENDANTS, ON BEHALF OF PURCHASERS OF WYETH STOCK.
NEW YORK – April 12, 2013 (GLOBE NEWSWIRE) – Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”) has filed a class action complaint in the United States District Court for the Southern District of New York on [...]
VERIFONE DECISION – VERIFONE INVESTOR CAN SEE INFO DESPITE SUIT: DEL. COURT
View Verifone Holdings Complaint Delaware's top court has ruled that a shareholder can have access to VeriFone Holdings Inc.'s books and records even though he had already filed a derivative complaint against the company, reversing [...]
SCOTT + SCOTT OBTAINS RESTRAINING ORDER IN ACTION OVER MADOFF LOSSES
Scott+Scott LLP’s New York-based partner Beth Kaswan and her team of Scott+Scott litigators won a critical court order yesterday on behalf of the firm’s client New York University, the largest private university in the United [...]
SCOTT+SCOTT TAKES ADA ISSUES TO THE 3RD CIRCUIT AND FORMER SUPREME COURT ON BEHALF OF UPS EMPLOYEES
November 21, 2008 (Shannon P. Duffy LAW.COM) -- Former U.S. Supreme Court Justice Sandra Day O'Connor's first case as a visiting judge on the 3rd U.S. Circuit Court of Appeals presented a cutting-edge question in [...]
FIFTH THIRD 401(K) LAWSUIT TO PROCEED AS A CLASS ACTION, SCOTT + SCOTT, LLP ANNOUNCES
NEW YORK, Oct. 2, 2008 (GLOBE NEWSWIRE) -- A federal court has granted "class action" status to the Fifth Third 401(k) lawsuit that is pending in Cincinnati, Ohio. The lawsuit, brought on behalf of all [...]