Corporate Governance
+ Shareholder Rights
Scott+Scott has a proven track record of success in litigating shareholder derivative, corporate governance, and transactional matters. We have been singularly successful in vindicating shareholder rights and, as a result, are routinely at the forefront in fashioning the standards in this area of law.
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
Corporate Governance
Record-setting sexual harassment settlement of $310 Million in corporate reforms
REPRESENTATIVE CASES
Irving Firemen’s Relief and Retirement Fund v. Page (Alphabet, Inc.)
C.A. No. 2019-0355-SG (Del. Ch.)
Shareholder derivative action concerning the Alphabet Board of Directors alleged “pattern of concealment” sexual misconduct and failure to protect customer data, all at the expense of shareholders; $310 million settlement on behalf of Alphabet, Inc. (aka Google) to fund Company-wide diversity initiative, plus enhanced sexual harassment protections and data breach protections
In re Altria Group, Inc. Derivative Litig.
No. 3:20-cv-00772 (DJN) (E.D. Va.)
Shareholder derivative action concerning Altria Group’s investment in Juul Labs, Inc., which engaged in the sale and marketing of vaping products; $117 million settlement to fund anti-youth vaping programs, as well as enhanced transactional oversight
Rudi v. Wexner (L Brands / Victoria’s Secret)
No. 2:20-cv-03068 (S.D. Ohio)
Shareholder derivative action concerning the L Brands Board of Directors’ alleged failures in allowing a culture of sexual harassment to plague the company; $90 million settlement to fund diversity, equity and inclusion initiatives, increased training and oversight of contractors, revamping of sexual harassment and anti-retaliation policies, and elimination or non-enforcement of non-disclosure agreements
Jacob v. Vogel (Microvast, Inc. / Tuscan Holdings Corp.)
C.A. No. 2022-0600-PAF (Del. Ch.)
Pending putative shareholder class action concerning the de-SPAC merger between Microvast, Inc. and Tuscan Holdings Corp., which was purportedly valued at $3 billion
In re Electric Last Mile Solutions, Inc. Stockholder Litig.
C.A. No. 2022-0630-KSJM (Del. Ch.)
Pending putative shareholder class action concerning the de-SPAC merger between Electric Last Mile, Inc. and Forum Merger III Corp., which was purported valued at $1.4 billion
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David Scott to Attend Global Class Actions Symposium
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.
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L Brands Inks $90M Global Deal For ‘Toxic’ Workplace Suits
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.
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Google – Record-setting $310 million corporate reform settlement
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.
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