Latest news with #Scott+Scott
Business Wire
08-08-2025
- Business
- Business Wire
Scott+Scott, Robins Kaplan, Hausfeld Reach Agreement with Greystar for Significant Monetary Relief and Important Business Reforms
SAN DIEGO--(BUSINESS WIRE)--The law firms of Scott+Scott, Robins Kaplan, and Hausfeld have reached an agreement in principle with Greystar Management Services, LLC ('Greystar') not to use confidential non-public competitor data in multifamily rental pricing, along with meaningful monetary relief for tenants across the country. 'This agreement represents meaningful relief for renters affected by the alleged practices,' announced Patrick Coughlin, Stacey Slaughter, and Swathi Bojedla, co-lead counsel for the plaintiffs. The settlement, reached simultaneously with the U.S. Department of Justice, marks a significant step toward resolving claims brought by renters in a multidistrict litigation pending in federal court. The lawsuit alleged that Greystar and other major property management firms and property owners used RealPage's algorithmic pricing tools in a manner that comingled competitively sensitive information, allowing it and its co-conspirators to suppress competition in the rental housing market, and drive up prices. 'This agreement represents meaningful relief for renters affected by the alleged practices,' announced Patrick Coughlin, Stacey Slaughter, and Swathi Bojedla, co-lead counsel for the plaintiffs. 'We are pleased that Greystar has stepped forward to resolve these claims, and we commend the DOJ for its parallel efforts to protect competitive markets.' The cash element of the settlement will be used to compensate tenants who were allegedly harmed by the coordinated-pricing practices. The agreement remains subject to the Court's approval and will be presented to the Court as early as October. About the Case In re: Realpage, Inc., Rental Software Antitrust Litigation (No. II), 3:23-md-03071 is currently pending in the U.S. District Court for the Middle District of Tennessee, before Judge Crenshaw. The case consolidates multiple lawsuits filed by renters alleging violations of federal antitrust law related to the use of RealPage's pricing algorithm. About Scott+Scott Scott+Scott is an international law firm known for its expertise in representing corporate clients, institutional investors, businesses, and individuals harmed by anticompetitive conduct or other forms of wrongdoings, including securities law and shareholder violations. With 140 attorneys in eight offices in the United States, as well as three offices in Europe, our advocacy has resulted in significant monetary settlements on behalf of our clients, along with other forms of relief. Our highly experienced attorneys have been recognized by Lawdragon for being among the 500 Leading Financial and Global Antitrust Lawyers in 2025, as well as by WWL: Commercial Litigation 2024, and Legal 500 in Antitrust Civil Litigation. Additionally, we have repeatedly received top Chambers rankings and have been recognized by the American Antitrust Institute for the successful litigation of high-stakes anticompetitive claims in the United States. To learn more about Scott+Scott, our attorneys, or complex case resolution, please visit About Robins Kaplan At Robins Kaplan LLP, we don't just practice law — we advocate for justice, fairness, and equality with an unwavering commitment to our clients. With more than 200 attorneys across seven U.S. offices, the firm is widely recognized for its leadership in high-stakes litigation and its work on behalf of plaintiffs in some of the most consequential antitrust cases in recent history. Our track record speaks volumes. We secured a historic settlement of $5.6 billion in the landmark Interchange Fee Antitrust Litigation with our co-counsel against major credit card companies—a settlement that is among the largest of its kind and a testament to our commitment to holding powerful corporations accountable. In the past 15 years alone, Robins Kaplan has recovered more than $10 billion for plaintiff classes in over 100 antitrust matters. The firm's Antitrust and Trade Regulation Group is consistently ranked Tier 1 by Chambers USA and recognized by Global Competition Review, Legal 500, Benchmark Litigation, Lawdragon, and Law360. Robins Kaplan is proud to be more than just a law firm; we are a partner in securing justice. Our dedication to our clients and our bold, creative approach to solving complex legal challenges sets us apart. To learn more about Robins Kaplan's Antitrust and Trade Regulation attorneys, visit: About Hausfeld Hausfeld is a leading global litigation firm known for shaping the law and taking on bold, high-stakes claims others won't. Our experienced litigators and arbitrators have a strong track record across antitrust, commercial and financial disputes, environmental and human rights law, product liability, and technology-related matters. Over the past decade, we've won landmark trials, secured complex settlements, and recovered billions for clients worldwide. Known for our forward-thinking approach, Hausfeld lawyers have pioneered innovative legal theories that have expanded access to justice for claimants globally. With 11 offices across the US, UK, and Europe, we consistently deliver precedent-setting results against some of the world's most powerful opponents. Socially minded and committed to access to justice, we champion strong corporate governance and serve both individuals and businesses. Recognized as one of the Financial Times' most innovative law firms since 2013, Hausfeld has been honored for pioneering litigation funding and groundbreaking work in access to justice. Most recently, Hausfeld was the only plaintiffs' firm named among FT North America's Most Innovative Law Firms: Overall, and founder Michael Hausfeld was recognized in 2025 in FT's 20 Years of Innovation report for transforming legal practice through class actions and litigation funding.
Business Wire
03-07-2025
- Business
- Business Wire
Scott+Scott Attorneys at Law LLP Files Securities Class Action Against Western Asset Management Company, LLC
NEW YORK--(BUSINESS WIRE)-- Scott+Scott Attorneys at Law LLP ('Scott+Scott'), an international shareholder and consumer rights litigation firm, has filed a securities class action lawsuit in the United States District Court for the Western District of Pennsylvania against Western Asset Management Company, LLC ('WAMCO' or the 'Company'), Franklin Resources, Inc. ('Franklin'), and Stephen Kenneth Leech, II ('Leech') (collectively, 'Defendants'). The Class Action asserts claims under §§10(b) and 20(a) of the Securities Exchange Act of 1934 (15 U.S.C. §§78j(b) and 78t(a)) and U.S. Securities and Exchange Commission Rule 10b-5 promulgated thereunder (17 C.F.R. §240.10b‑5) on behalf of all persons and entities that purchased and/or otherwise acquired shares of the 'Western Asset US Core Bond Fund' mutual fund classes – Class I (ticker: 'WATFX'), Class A (ticker: 'WABAX'), Class C (ticker: 'WABCX'), Class FI (ticker: 'WAPIX'), Class IS (ticker: 'WACSX'), and Class R (ticker: 'WABRX') – and the 'Western Asset Core Plus Bond Fund' mutual fund classes – Class A (ticker: 'WAPAX'), Class C (ticker: 'WAPCX'), Class C1 (ticker: 'LWCPX'), Class FI (ticker: 'WACIX'), Class R (ticker: 'WAPRX'), Class I (ticker: 'WACPX'), Class IS (ticker: 'WAPSX') – between January 1, 2021 and October 31, 2023, inclusive (the 'Class Period'), and were damaged thereby (the 'Class'). The Class Action filed by Scott+Scott is captioned: The Western PA Electrical Employees Insurance Trust Fund v. Western Asset Management Company, LLC, et al., Case No. 2:25-cv-00937. LEAD PLAINTIFF DEADLINE ON SEPTEMBER 2, 2025 WAMCO is a limited liability company, SEC-registered investment advisor, and specialist investment manager that is contracted by registered mutual funds and private funds to manage their investment portfolios and by other investment advisors as a sub-advisor. The Class Action alleges that, during the Class Period, Defendants made misleading statements and omissions regarding the Company's business, financial condition, and prospects. Specifically, Defendants failed to warn investors that: (1) Defendants favored certain WAMCO strategies, like Macro Opps, over other WAMCO strategies, like Core and Core Plus; (2) Defendants disfavored certain WAMCO strategies, like Core and Core Plus; (3) any 'compliance policies and procedures' that WAMCO maintained 'to result in fair allocations of investment opportunities to clients' were either insufficient to ensure that Leech and his WAMCO Team fairly allocated trades among the strategies they managed or were expressly disregarded by Defendants in order to allow the favoring of certain WAMCO strategies at the expense of other WAMCO strategies; and (4) any 'oversight mechanisms' that WAMCO maintained were either insufficient to monitor Leech and his WAMCO Team or were expressly disregarded by Defendants in order to allow the favoring of certain WAMCO strategies at the expense of other WAMCO strategies. As a result, Defendants' actions operated as a fraud or deceit on the Class, artificially reducing the price of the 'Western Asset US Core strategy' mutual fund classes during the Class Period, damaging Class members. LEAD PLAINTIFF DEADLINE ON SEPTEMBER 2, 2025 If you purchased and/or otherwise acquired shares of the 'Western Asset US Core Bond Fund' mutual fund classes identified above during the Class Period and were damaged thereby, you are a member of the 'Class' and may be able to seek appointment as lead plaintiff. If you wish to apply to be lead plaintiff, a motion on your behalf must be filed with the U.S. District Court for the Western District of Pennsylvania no later than September 2, 2025. The lead plaintiff is a court-appointed representative for absent class members of the Class. You do not need to seek appointment as lead plaintiff to share in any Class recovery in the Class Action. If you are a Class member and there is a recovery for the Class, you can share in that recovery as an absent Class member. If you wish to apply to be lead plaintiff, please contact attorney Nicholas Bruno at (888) 398-9312 or at nbruno@ What Can You Do? You may contact an attorney to discuss your rights regarding the appointment of lead plaintiff or your interest in the Class Action. You may retain counsel of your choice to represent you in the Class Action. About Scott+Scott Scott+Scott is an international law firm known for its expertise in representing corporate clients, institutional investors, businesses, and individuals harmed by anticompetitive conduct or other forms of wrongdoing, including securities law and shareholder violations. With more than 100 attorneys in eight offices in the United States, as well as three offices in Europe, our advocacy has resulted in significant monetary settlements on behalf of our clients, along with other forms of relief. Our highly experienced attorneys have been recognized for being among the top financial lawyers in 2024 by Lawdragon, WWL: Commercial Litigation 2024, and Legal 500 in Antitrust Civil Litigation, and have received top Chambers 2024 rankings. In addition, we have been repeatedly recognized by the American Antitrust Institute for the successful litigation of high-stakes anticompetitive claims in the United States. To learn more about Scott+Scott, our attorneys, or complex case resolution, please visit This may be considered Attorney Advertising.
Reuters
27-06-2025
- Business
- Reuters
Mastercard, Visa's merchant fees breach competition law, UK tribunal rules
LONDON, June 27 (Reuters) - Global payments processors Visa (V.N), opens new tab and Mastercard's (MA.N), opens new tab default multilateral interchange fees which are charged to retailers infringe competition law, a London tribunal ruled on Friday in the latest round of the long-running legal saga. London's Competition Appeal Tribunal unanimously ruled that Visa and Mastercard's multilateral interchange fees breach European competition law, in a ruling in linked lawsuits brought by hundreds of merchants. David Scott, global managing partner of law firm Scott+Scott, which represented the claimants, said the ruling was "a significant win for all merchants who have been paying excessive interchange fees to Visa and Mastercard". Both Visa and Mastercard said they disagreed with the decision and intended to seek permission to appeal. A Visa spokesperson said: "Visa continues to believe that interchange is a critical component to maintaining a secure digital payments ecosystem that benefits all parties, including consumers, merchants and banks." "Mastercard strongly disagrees with today's decision, which is deeply flawed, and will seek permission to appeal," a Mastercard spokesperson said in a statement. Litigation over multilateral interchange fees, which are levied on retailers when cardholders make a transaction, has rumbled on for well over a decade in Britain and elsewhere. Scott+Scott said Friday's ruling was the first time that Visa and Mastercard's commercial card and inter-regional multilateral interchange fees had been found to infringe competition law. The liability trial which led to Friday's ruling took place in early 2024. A ruling following a further trial to determine whether any alleged overcharge was passed on by retailers to customers is pending.
Business Wire
10-06-2025
- Business
- Business Wire
AppLovin Investor Alert: Scott+Scott Attorneys at Law LLP Investigates AppLovin Corporation's Directors and Officers for Breach of Fiduciary Duties
NEW YORK--(BUSINESS WIRE)-- Scott+Scott Attorneys at Law LLP ('Scott+Scott'), an international securities and consumer rights litigation firm, is investigating whether the leadership of AppLovin Corporation ('AppLovin') (NASDAQ: APP) breached their fiduciary duties to AppLovin and its shareholders. Scott+Scott is investigating whether members of AppLovin's board of directors (the 'Board') made, or caused AppLovin to make, false and/or misleading statements, as well as failed to disclose material adverse facts, about AppLovin's business, operations, prospects, and financial health. Specifically, Scott+Scott is investigating whether the Board failed to disclose material information, including whether: (1) AppLovin is reverse-engineering and exploiting advertising data from Meta Platforms; (2) AppLovin is using manipulative practices to drive their own ad click-through and app download rates higher; (3) that, as a result, AppLovin was inflating installation numbers and thus its profit figures; and (4) as a result, statements about AppLovin's business, operations, and prospects lacked a reasonable basis. On February 26, 2025, two short reports were published, disclosing the above information. On this news, the stock price fell over 12.2%. What You Can Do – If you own shares of AppLovin, you may have legal claims against AppLovin's directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at (844) 818-6982 or jpettigrew@ About Us Scott+Scott is an international law firm known for its expertise in representing corporate clients, institutional investors, businesses, and individuals harmed by anticompetitive conduct or other forms of wrongdoings, including securities law and shareholder violations. With more than 100 attorneys in nine offices in the United States, as well as three offices in Europe, our advocacy has resulted in significant monetary settlements on behalf of our clients, along with other forms of relief. Our highly experienced attorneys have been recognized for being among the top financial lawyers in 2024 by Lawdragon, WWL: Commercial Litigation 2024, and Legal 500 in Antitrust Civil Litigation, and have received top Chambers 2024 rankings. In addition, we have been recognized by the American Antitrust Institute for the successful litigation of high-stakes anticompetitive claims in the United States. To learn more about Scott+Scott, our attorneys, or complex case resolution, please visit Attorney Advertising
Business Wire
10-06-2025
- Business
- Business Wire
Acadia Healthcare Investor Alert: Scott+Scott Attorneys at Law LLP Investigates Acadia Healthcare Company, Inc.'s Directors and Officers for Breach of Fiduciary Duties
NEW YORK--(BUSINESS WIRE)-- Scott+Scott Attorneys at Law LLP ('Scott+Scott'), an international securities and consumer rights litigation firm, is investigating whether the leadership of Acadia Healthcare Company, Inc. ('Acadia Healthcare') (NASDAQ: ACHC) breached their fiduciary duties to Acadia Healthcare and its shareholders. Scott+Scott is investigating whether members of the Acadia Healthcare board of directors or senior management failed to manage Acadia Healthcare in an acceptable manner, in breach of their fiduciary duties to Acadia Healthcare, and whether Acadia Healthcare and its shareholders have suffered damages as a result. New York Times published an investigative article detailing unlawful and unethical practices at Acadia Healthcare, including improperly detaining psychiatric patients in Acadia Healthcare facilities against their will. A second article was published on December 7, 2024, detailing fraud and falsification of records at Acadia Healthcare methadone clinics. On April 22, 2025, the New York Times published a third article regarding Acadia Healthcare, alleging suicides and rapes at one of Acadia Healthcare's facilities outside Chicago due in part to insufficient staffing. Acadia Healthcare has acknowledged several governmental investigations on the above, including by the Criminal Division of the U.S. Department of Justice and the Securities and Exchange Commission, as well as Congressional inquiries. In addition, a securities class action lawsuit has been filed against Acadia Healthcare and its top management. What You Can Do – CLICK HERE FOR YOUR OPTIONS AS A SHAREHOLDER If you own shares of Acadia Healthcare, you may have legal claims against Acadia Healthcare's directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at (844) 818-6982 or jpettigrew@ About Us Scott+Scott is an international law firm known for its expertise in representing corporate clients, institutional investors, businesses, and individuals harmed by anticompetitive conduct or other forms of wrongdoings, including securities law and shareholder violations. With more than 100 attorneys in nine offices in the United States, as well as three offices in Europe, our advocacy has resulted in significant monetary settlements on behalf of our clients, along with other forms of relief. Our highly experienced attorneys have been recognized for being among the top financial lawyers in 2024 by Lawdragon, WWL: Commercial Litigation 2024, and Legal 500 in Antitrust Civil Litigation, and have received top Chambers 2024 rankings. In addition, we have been recognized by the American Antitrust Institute for the successful litigation of high-stakes anticompetitive claims in the United States. To learn more about Scott+Scott, our attorneys, or complex case resolution, please visit Attorney Advertising
