SECURITIES

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.

Attorneys View Cases

LANDMARK CASES

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

GOOGLE

Corporate Governance

Record-setting sexual harassment settlement of $310 Million in corporate reforms

Representative cases

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).

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Scott+Scott Files Lawsuit Against Meta Over Scam Ads


Scott+Scott this week filed a class action lawsuit against Meta, Instagram and WhatsApp on behalf of two financial professionals, alleging that the social media giants violated state and federal law by allowing scam impersonation advertisement on their platforms. According to the complaint Meta allowed fake impersonation ads on its platforms that “were designed to and caused consumer confusion, diverted prospective clients, damaged goodwill, as well as exposed class members to reputational harm, regulatory inquiries, and lost business opportunities. “

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