The American Antitrust Institute has recognized Scott+Scott for our innovative enforcement of antitrust laws on behalf of private plaintiffs in 2014, 2018 and 2020, making us the most decorated firm during that time period. In addition, the 2018 Antitrust Annual Report found that in 2018 the Firm had the highest antitrust settlement in the country, as well as ranking first nationally in aggregate settlement amount from 2013 to 2018, recovering over $3.4 billion.

Scott+Scott has pioneered the use of antitrust laws in the financial sector, including credit default swaps, private equity, bonds, interest rate derivatives and foreign exchange, to recover for investors. Unlike other firms that predominantly file “follow on” cases after government enforcement actions, Scott+Scott invests “upfront” in economists, investigators and attorney analysis to bring novel cases before the rest of the antitrust bar and regulators.

Scott+Scott’s passion for litigating competition matters in the financial sector extends to its commodity manipulation litigation practice. Using the Commodity Exchange Act, Scott+Scott’s lawyers regularly bring claims on behalf of municipal and pension funds, retail investors, and others harmed by major financial institutions’ manipulation of commodity markets. Attorneys in Scott+Scott’s commodity manipulation group have decades of experience litigating these matters and have recovered hundreds of millions of dollars on behalf of their clients.

Our dedicated team of antitrust partners have built one of the nation’s top plaintiffs’ firms for antitrust actions. Furthermore, our European expansion reflects a commitment and ability to pursue claims on a global basis.

REPRESENTATIVE CASES:

In re: Foreign Exch. Benchmark Rates Antitrust Litig.
No. 13-cv-07789 (S.D.N.Y.)
Challenging price-fixing of foreign exchange rates. (over $2.3 billion in final-approved settlements). The largest antitrust settlement of 2018 according to the American Antitrust Institute;

Dahl v. Bain Capital Partners, LLC,
No. 07-cv-12388 (D. Mass.)
Challenging bid rigging and market allocation of leveraged buyouts by private equity firms. ($590.5 million in settlements);

Alaska Elec. Pension Fund v. Bank of Am. Corp.
No. 14-cv-07126 (S.D.N.Y.)
Challenging price-fixing of the ISDAfix benchmark interest rate. ($504.5 million in settlements). The 3rd largest antitrust settlement of 2018 according to the American Antitrust Institute;

In re GSE Bonds Antitrust Litig.
No. 19-cv-01704 (S.D.N.Y.)
Challenging manipulation in the market( for bonds issued by Government-Sponsored Entities, e.g., Freddie Mac and Fannie Mae. ($386 million settlement).

“Opt-out” Litigation

In addition to its class action work, Scott+Scott also represents clients in opt-out antitrust litigation. The Firm’s success in class actions allows us to provide our opt-out clients unique and valuable insights. Representative clients include Parker Hannifin Corporation, PolyOne Corporation, Eastman Kodak Company, and Fujifilm Manufacturing U.S.A., Inc., in the following matters:

In re: Aluminum Warehousing Antitrust Litig., MDL
No. 2481 (S.D.N.Y.)
A case challenging collusion regarding the spot metal price of physically delivered aluminum

The following cases all involved price-fixing by horizontal competitors in the synthetic rubber industry:

In re Rubber Chemicals Antitrust Litig., MDL
No. 1648 (N.D. Cal.)

In re Polychloroprene Rubber (CR) Antitrust Litig., MDL
No. 1642 (D. Conn.)

In re Plastic Additives Antitrust Litig. (No. II), MDL
No. 1684 (E.D. Pa.).