Scott+Scott has extensive experience litigating securities fraud on behalf of our governmental entity, institutional, and individual clients, serving as lead counsel in numerous securities class actions since the enactment of the Private Securities Litigation Reform Act of 1995 (“PSLRA”). Through our commitment to the best interests of those the Firm represents, Scott+Scott has successfully obtained exceptional monetary results on behalf of investors.
Antitrust + Competition
$2.3 Billion in US settlements for market manipulation
Securities Litigation
Novel investment recovery under The Trust Indenture Act
Consumer Litigation
Data Breach case with $50 Million settlement
Corporate Governance
Record-setting sexual harassment settlement of $310 Million in corporate reforms
In re LendingClub Corp.S’holder Litig.,
No. CIV 537300 (Cal. Super. Ct, San Mateo Cnty.)
A securities litigation resulting in one of the top ten securities recoveries ever in the Northern District of California ($125 global settlement).
In re Micro Focus Int’l plc Sec. Litig.,
No. 18CIV01549 (CA Super. Ct. San Mateo Cnty.)
A case on behalf of a union pension fund centering on misleading statements made by the defendant relating to a software business merger ($107.5 million settlement).
Okla. Firefighters Pens. vs. Newell Brands Inc.,
No. L-003492-18 (N.J. Sup. Ct. Hudson Cnty.)
A securities fraud case based on Newell Brands making misleading statements concerning its sales growth and revenue ($102.5 million settlement).
In re Greensky Sec. Litig.,
No. 1:18 Civ. 11071 (S.D.N.Y.)
A case alleging that the fintech company failed to disclose information about its business model resulting in substantial financial losses for investors ($27.5M settlement).
In re Wash. Mut. Mortg.-Backed Sec. Lit.,
No. 2:09-cv-00037 (W.D. Wash.)
A securities fraud case alleging that the defendant misrepresented underwriting procedures used to originate mortgage loan collateral ($26 million recovery).
ATRS v Insulet Corp.,
No. 15-12345 (D. Mass.)
A case centering on the insulin management providers misleading statements about the company’s profitability ($19.5 million settlement).
In re King Digit. Ent. PLC S’holder Litig.,
No. CGC-15-544770 (Cal. Sup. Ct. San Francisco Cnty.)
A securities fraud case alleging that the defendant – the inventor of the hit game “Candy Crush” – made false statements in its Initial Public Offering prospectus in relation to its long-term profitability ($18.5 million settlement).
In re Evoqua Water Corp. Sec. Litig.,
No. 1:18-cv-10320 (S.D.N.Y)
A litigation centering on the water treatment services provider made false and misleading statements in its IPO prospectus, subsequently leading to a significant drop in revenue ($16.65 million settlement).
In re Priceline.com, Inc. Sec. Litig.,
No. 3:00-cv-01884 (D. Conn.)
Securities fraud action on behalf of priceline.com investors alleging misrepresentation of the Company’s business model ($80 million settlement).
Irvine v. ImClone Sys., Inc.,
No. 1:02-cv-00109 (S.D.N.Y.)
Securities fraud case arising out of the drug manufacturer’s concealment of adverse information relating to the Company’s flagship new drug candidate ($75 million settlement).
Cornwell v. Credit Suisse Grp.,
No. 08-cv-03758 (S.D.N.Y.)
Securities fraud class action alleging false and misleading statements by the investment bank regarding its profitability, loan debt and risk management policies ($70 million settlement).
Policemen’s Annuity & Benefit Fund of Chi. v. Bank of Am., N.A.,
No. 12-cv-02865 (S.D.N.Y.)
Class action alleging failure to repurchase defective mortgages against Bank of America and U.S. Bank, as Trustees for Washington Mutual-sponsored mortgage-backed securities ($69 million settlement).
In re SanDisk LLC Sec. Litig.,
No. 15-cv-01455 (N.D. Cal.)
Securities fraud class action against data storage company SanDisk Corporation and certain of its officers and directors alleging false and misleading statements regarding sales and production delays ($50 million settlement).
Weston v. RCS Capital Corp.,
No. 1:14-cv-10136 (S.D.N.Y.)
Securities fraud class action alleging false and misleading statements regarding the Company’s core wholesale distribution, investment banking businesses, and its prospects for success ($31 million settlement).
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.
Read MoreScott+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.
Read MoreScott+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.
Read MoreScott+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.
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