Teamsters Fund Sues AllianzGI For Hedge Fund Losses
Pensions&Investments By James Comtois September 04, 2020 Participants in the Teamster Members Retirement Plan filed suit against Allianz Global Investors and its subsidiaries saying investors in a hedge fund it managed lost nearly $1 billion. [...]
Allianz Investment Arm Sued Over $1B Loss From Virus Crash
Law360 By Dean Seal (September 3, 2020, 5:06 PM EDT) -- Investors in a hedge fund that lost nearly $1 billion during the coronavirus-induced market crash earlier this year say "extreme risk taking" by fund [...]
SHIPWRECK Millions of UK drivers could receive compensation after shipping company scam saw new car prices rise
THE SUN, MILLIONS of Brits have been ripped off by a shipping company scam which inflated the price of new cars. Drivers who bought or leased a new motor between October 2006 and September 2015 [...]
Class action could mean refund of £60 per new car
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. Car Dealer Magazine, It follows a multi-million-euro [...]
Car Shipping Cartel Faces £150M Class Action
Law360, London (March 2, 2020, 2:51 PM GMT) -- Five shipping companies fined for running a cartel for transporting cars to the U.K. have become the target of a £150 million ($189 million) million U.S.-style [...]
Millions of British motorists are ripped off in £150million scam inflating the price of new cars after shipping firms conspired to fix delivery costs
The Daily Mail - Millions of motorists have been ripped off in a £150million delivery scheme to inflate the price of new cars, it is claimed. Eight in ten new cars have seen price increases [...]
Credit Suisse Hit With Costs In Ex-Director’s Suit
Law360, London (February 18, 2020, 8:55 PM GMT) -- A judge ordered Credit Suisse to pay some of a former employee's costs on Tuesday after he largely fended off a bid to pare down his [...]
Class Action Comes To UK With Major Forex Rigging Suit
Law360, London (November 5, 2019, 3:28 PM GMT) -- A consumer antitrust suit brought by investors seeking at least £1 billion ($1.3 billion) from five banking giants, including JPMorgan and Barclays, over allegations of foreign [...]
Gulf Utility Providers File Damages Suits Against Prysmian, Others Over Power-cable Cartel
MLex - In Brief : State utility companies in Bahrain, Saudi Arabia, Kuwait and Oman have filed damages claims against power-cable producers over their involvement in a multiyear global cartel, MLex has learned. The antitrust [...]
The currency-trading scandal continues to dog the banks
The Economist, The CAT and the (alleged) fiddle Banks are in the frame for Britain’s latest collective-action claim THE LAUGHING stopped long ago. Between 2007 and 2013, in online chatrooms called “Three Way Banana Split”, [...]
Banks face £1 billion lawsuit over foreign exchange rigging
The Times, Five banks will face a £1 billion class action lawsuit in Britain for allegedly rigging the foreign exchange market between 2007 and 2013, lawyers said. Barclays, Citibank, the Royal Bank of Scotland, JP [...]
Five banks face civil lawsuit in London over forex dealing
Financial Times, The European version of a class-action lawsuit that resulted in $2.3bn of settlements in the US is being filed in London on Monday, as lawyers move to bring a civil case against five [...]
Barclays, JPMorgan Face UK Forex-Rigging Class Action
By Joanne Faulkner Law360, London (July 29, 2019, 11:06 AM BST) -- Barclays and JPMorgan Chase are among five banks being sued in a U.K. antitrust court by investors over allegations that they manipulated the [...]
Barclays and RBS among banks hit by £1bn forex rigging lawsuit
CITY A.M., Barclays and the Royal Bank of Scotland (RBS) are among five banks targeted in a £1bn class action lawsuit over forex rigging that was filed today. The action follows a May ruling by [...]
Barclays, JP Morgan among banks facing UK class action over currency-rigging
CNBC, Barclays, JP Morgan , RBS, UBS and Citigroup are being sued by investors over allegations they rigged the global foreign exchange market, in a test of U.S.-style class actions in Britain. The claim, estimated [...]
JPMorgan, UBS Among Banks Facing $1 Billion FX-Rigging Suit
Bloomberg, JPMorgan Chase & Co. and UBS Group AG are among five banks being sued over allegations of foreign-exchange rigging in a class-action lawsuit seeking more than 1 billion pounds ($1.2 billion). Barclays Plc, Citigroup [...]
Scott+Scott hire three for new Amsterdam office
GCR - Global Competition Review Matt Richards 26 June 2019 American firm Scott+Scott has hired Damien F Berkhout to lead its Amsterdam office as well as adding a counsel and a senior associate to the [...]
Big Banks Fined by EU for Foreign-Exchange Market Misconduct
Bankers used chat rooms with colorful names such as ‘Three Way Banana Split’ and ‘Semi Grumpy Old Men’ to exchange sensitive information WSJ, By: Patricia Kowsmann in Frankfurt and Margot Patrick in London Updated May [...]
UK banks fined €1bn by EU for rigging foreign exchange market
The Guardian, European commission says decision shows ‘collusive behaviour will not be tolerated’ Five banks including Barclays and Royal Bank of Scotland have been fined more than €1bn (£875m) by the European Union for rigging [...]
EU fines Barclays, Citi, JP Morgan, MUFG and RBS $1.2 billion for FX rigging
Foo Yun Chee, Kirstin Ridley BRUSSELS/LONDON (Reuters) - Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging [...]
EU FINES FIVE BANKS €1.1BN OVER FOREIGN EXCHANGE CARTEL
Traders at RBS, Barclays, Citi, JPMorgan and MUFG used chat rooms to rig foreign exchange spot trading. By Rochelle Toplensky in Brussels, Stephen Morris and Eva Szalay in London The Financial Times (16 May, 2019, [...]
Scott, Lowey Take Lead Spot In Bond Price-Fix Suit
By Christopher Cole Law360 (May 3, 2019, 2:27 PM EDT) -- A New York federal judge has tapped litigation firms Scott & Scott LLP and Lowey Dannenberg PC to head up a proposed class action on behalf of [...]
Scott+Scott launches in Amsterdam
By Matt Richards Global Competition Review (01 May, 2019, 12:03 PM EDT) US claimant firm Scott+Scott is set to open an office in the Netherlands, as it seeks to address client concerns about the effect [...]
Scott+Scott to Open Office in Amsterdam
By Simon Taylor | April 29, 2019 at 01:55 PM The new office will allow the firm to recover losses for global clients more easily, the firm said. The U.S. law firm Scott+Scott is opening [...]
Plaintiffs Firm Scott & Scott Opens Shop In Amsterdam
By Matthew Perlman Law360 (April 30, 2019, 6:50 PM EDT) -- Plaintiff-side law firm Scott & Scott Attorneys at Law LLP plans to open an office in the Netherlands to focus on competition and securities cases for its [...]
Scott+Scott Expands International Footprint with Amsterdam Office
April 29, 2019 12:49 AM Eastern Daylight Time NEW YORK--(BUSINESS WIRE)--Scott+Scott, Attorneys at Law LLP has announced the opening of Scott+Scott Europe BV in Amsterdam, continuing its global expansion. Scott+Scott, with offices in New York, [...]
Scott+Scott Announces Class Action Suit on Behalf of R-CALF USA
April 23, 2019 12:38 PM Eastern Daylight Time CHICAGO--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a national antitrust and securities litigation firm, along with Cafferty Clobes Meriwether & Sprengel LLP (“Cafferty Clobes”), have filed a [...]
Attys In Opioid Suits Are Holding Big Pharma Accountable
Law360 (March 14, 2019, 2:40 PM EDT) -- Sherman Joyce’s recent Law360 guest article, “Gov’t Opioid Suits Hide Attorney’s Personal Interests,” contained generalizations and oversimplifications — as well as some very creative assumptions around causes [...]
NY Fines Standard Chartered $40M After Forex-Rigging Probe
Law360 (January 29, 2019, 9:05 PM EST) -- 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, [...]
Vodafone Hits Visa, MasterCard With UK Swipe Fee Suit
Law360, London (January 29, 2019, 6:57 PM GMT) -- Vodafone Ltd. sued Visa and MasterCard in London's High Court on Monday, in the latest action accusing the credit card giants of imposing excessive interchange fees [...]
Banks Accused Of Rigging Libor After Post-Scandal Overhaul
By Matthew Perlman Law360 (January 16, 2019, 8:27 PM EST) -- A Connecticut bank on Tuesday accused the owner of the New York Stock Exchange of conspiring with some of the world's largest banks to [...]
Kodak Takes Antitrust Row With Goldman, Others To UK
Law360 (November 14, 2018, 4:27 PM EST) - By Bryan Koenig-- Kodak has hit Goldman Sachs, Glencore and others with a U.K. lawsuit accusing them of manipulating aluminum prices, echoing antitrust claims it has pursued [...]
Mastercard, Visa Hit With UK Damages Claims From Hotel Groups
MLEX - Author: Simon Zekaria IN BRIEF Mastercard and Visa are subject to further UK claims for antitrust damages, with hotel operators Shiva Hotels and Myhotels filing lawsuits at the High Court over alleged losses [...]
Mastercard, Visa face UK card-fee damages claims from Grange Hotels
MLEX - Author: Simon Zekaria IN BRIEF Mastercard and Visa are facing new claims for damages in the UK, after luxury hotel operator Grange Hotels filed lawsuits to recover more than 200,000 pounds in inflated [...]
Mastercard, Visa hit with UK card-fee damages claims by Firmdale Hotels
Author: Simon Zekaria - IN BRIEF Mastercard and Visa have today been hit with fresh claims for damages after Firmdale Hotels, a US- and UK-located boutique hotel operator, filed lawsuits at the UK’s High Court [...]
Visa, Mastercard face UK card-fee damages claims from Michelin’s Euromaster
MLEX - Author: Simon Zekaria - IN BRIEF Visa and Mastercard are facing antitrust damages claims in the UK from automotive tire retailer Euromaster and several of its units over alleged anticompetitive card-payment fees, MLex [...]
Swipe Fee Ruling Opens Visa, MasterCard To Wave Of Claims
Law360 - By Richard Crump, London (July 7, 2018, 2:26 AM BST) -- A landmark London appeals court decision finding that Visa’s and MasterCard’s so-called swipe fees are too high could mean the two credit [...]
Visa and MasterCard interchange fees restricted competition, English court rules
Global Competition Review Janith Aranze 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. At the handing [...]
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
MLEX - 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 [...]
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
New England Business Media - 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 [...]
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
NBC Connecticut (WVIT-HD) - 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 [...]
New Haven sues Purdue Pharma, others over opioid crisis
New Haven Register - 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 [...]
Opioid lawsuit details millions of pills delivered to Paterson area
Joe Malinconico, Paterson Press Published Oct. 30, 2017 PATERSON TIMES — 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 [...]
Paterson Demands Drug Manufacturers Help Solve Epidemic of Opioid Use
By MAX BECKERMAN TAPinto.net PATERSON TIMES, 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 [...]
Paterson files lawsuit against drug companies for allegedly causing opioid epidemic
Patterson Times - 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 [...]
Paterson sues drug companies over prescription opioids
PATERSON TIMES - 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 [...]
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 [...]
$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
Sky News 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 [...]
SCOTT + SCOTT TO TAKE ON DEUTSCHE BANK IN EUROPE AFTER US SUCCESS
Legalease Ltd - 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 [...]
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 [...]