The Kehoe Law Firm, a leading national law firm specializing in antitrust and consumer protection litigation, has filed a civil antitrust action against Google under Sections 1 and 2 of the Sherman Act. The class action complaint, filed on behalf of the Sterling International Consulting Group and those similarly situated, alleges that Google has engaged in an anticompetitive scheme to dominate the Publisher Ad Server Market, resulting in artificially inflated prices for publisher ad server services.​

The plaintiff in this case operates a website that sells digital display ads to advertisers. The complaint contends that Google has established and maintained a monopoly in the Publisher Ad Server Market, giving it the power to manipulate prices charged to Publishers, such as the plaintiffs.​

According to John A. Kehoe, a partner at the Kehoe Law Firm, “Google’s anticompetitive actions have had a significant impact on the Publisher Ad Server Market, leading to higher costs for Publishers and limiting their options. This case aims to address the harm caused by Google’s dominance and seeks compensatory and injunctive relief under the Sherman Act.”​

The complaint outlines Google’s control over various levels of the Ad Tech Stack, including publisher ad server products, ad exchange, ad network, and advertiser ad server. It alleges that Google’s series of anticompetitive acts, dating back to at least 2007, have illegally enhanced and maintained its dominant position in the Publisher Ad Server Market.​

The complaint alleges that Google’s acquisitions, exclusionary conduct, and measures to impair potential rivals have stifled competition and harmed plaintiffs and members of the proposed class. The complaint seeks compensatory and injunctive relief for violations of the Sherman Act.

For more information about Kehoe Law Firm and its involvement in this matter, please contact John A. Kehoe at [email protected] or call (215) 792-6676.

The Kehoe Law Firm, a leading national law firm specializing in antitrust and consumer protection litigation, has filed a civil antitrust action against Google under Sections 1 and 2 of the Sherman Act. The class action complaint, filed on behalf of the Sterling International Consulting Group and those similarly situated, alleges that Google has engaged in an anticompetitive scheme to dominate the Publisher Ad Server Market, resulting in artificially inflated prices for publisher ad server services.​

The plaintiff in this case operates a website that sells digital display ads to advertisers. The complaint contends that Google has established and maintained a monopoly in the Publisher Ad Server Market, giving it the power to manipulate prices charged to Publishers, such as the plaintiffs.​

According to John A. Kehoe, a partner at the Kehoe Law Firm, “Google’s anticompetitive actions have had a significant impact on the Publisher Ad Server Market, leading to higher costs for Publishers and limiting their options. This case aims to address the harm caused by Google’s dominance and seeks compensatory and injunctive relief under the Sherman Act.”​

The complaint outlines Google’s control over various levels of the Ad Tech Stack, including publisher ad server products, ad exchange, ad network, and advertiser ad server. It alleges that Google’s series of anticompetitive acts, dating back to at least 2007, have illegally enhanced and maintained its dominant position in the Publisher Ad Server Market.​

The complaint alleges that Google’s acquisitions, exclusionary conduct, and measures to impair potential rivals have stifled competition and harmed plaintiffs and members of the proposed class. The complaint seeks compensatory and injunctive relief for violations of the Sherman Act.

For more information about Kehoe Law Firm and its involvement in this matter, please contact John A. Kehoe at [email protected] or call (215) 792-6676.

Kehoe Law Firm is pleased to announce that the United States District Court for the Southern District of New York has granted preliminary approval for the proposed settlement in the Mexican Government Bonds Antitrust Litigation.​

The case, brought on behalf of the Southeastern Pennsylvania Transportation Authority Pension Plan (“SEPTA”), among others, alleges that from January 1, 2006, through April 19, 2017, inclusive, various entities conspired to fix the prices for Mexican Government Bonds issued by the Mexican government through the Bank of Mexico (“Banxico”). 

According to a complaint filed in the Southern District of New York, each defendant transacted in price-fixed Mexican Government Bonds (“MGBs”) at artificial prices with uninformed market participants like SEPTA and the Class. Defendants allegedly did so through interrelated means of manipulation. 

Partner John A. Kehoe expressed his satisfaction in being part of the case on behalf of the Plaintiffs, stating, “We are pleased to have reached this partial settlement in the Mexican Government Bonds Antitrust Litigation. The preliminary approval of the proposed settlement is a positive step toward achieving justice for our clients and the Settlement Class.”​

The settlement class includes all persons who entered a MGB transaction between January 1, 2006, and April 19, 2017. The Settlement, subject to final approval, involves the certification and maintenance of the settlement class as a class action under Rule 23 of the Federal Rules of Civil Procedure.

Settling defendants include Barclays PLC, Barclays Bank PLC, Barclays Capital Inc., Barclays Capital Securities Limited, Barclays Bank México, S.A., Institución de Banca Múltiple, Grupo Financiero Barclays México, and Grupo Financiero Barclays México, S.A. de C.V. (collectively “ Barclays” ) and JPMorgan Chase & Co., J.P. Morgan Broker-Dealer Holdings Inc., J.P. Morgan Securities LLC, JPMorgan Chase Bank, National Association, Banco J.P. Morgan, S.A. Institución de Banca Múltiple, J.P. Morgan Grupo Financiero, and J.P. Morgan Securities plc.​

Importantly, many other defendants have not joined in the settlement, including entities related to Bank of America, Citibank, Deutsche Bank, and HSBC, among others. For further information about the case, please visit www.MGBAntitrustSettlement.com.​

For more information about Kehoe Law Firm and its involvement in this matter, please contact John A. Kehoe at [email protected] or call (215) 792-6676.

Kehoe Law Firm proudly announces that today plaintiffs moved for final approval of a $23,600,000 settlement with various Wall Street banks, including entities related to Citigroup, MUFG Bank Ltd., Bank of America Corporation, Barclays Bank PLC, BNP Paribas, Credit Suisse AG, Deutsche Bank AG, Goldman Sachs, HSBC Bank PLC, JPMorgan Chase & Co., Morgan Stanley, RBC Capital Markets, LLC, The Royal Bank of Scotland PLC (now known as NatWest Markets PLC), and UBS AG.​

KLF represents FX Primus Ltd. In this action, in which lead counsel spent over 11,427 hours prosecuting the case. Discovery in this case was extensive, involving terabytes of transactional data and hundreds of thousands of pages of interbank chat transcripts from defendants that they produced in a related action. Managing and organizing this data required collaborating with Plaintiffs’ expert economist, Dr. Janet S. Netz, to analyze the contents of the data for each defendant transactional data production and prepare questions to Defendants to ensure that all required data fields were included in the productions and standardized across all Defendant productions. 

Class Counsel also consulted with an industry expert and former FX trader to analyze and identify deficiencies in Defendants’ data productions and to prepare questions to Defendants. He also assisted Class Counsel with interpreting the jargon and code words that dealer bank traders used to conceal their unlawful conduct in the voluminous interbank dealer chat transcripts produced by Defendants. 

While discovery was ongoing, class counsel had extensive settlement negotiations, and reached a tentative settlement with the Citigroup defendants, then with MUFG Bank Ltd., including cash payments and reasonable cooperation in the continued litigation.  Thereafter, the remaining defendants agreed to settle.

We believe the settlements were negotiated at arm’s length, and the relief obtained is fair, reasonable, and adequate. The proposed pro-rata method of allocating the settlement fund amongst the members of the settlement classes ensures that they will be treated equitably relative to each other. The Total Settlement Amount of $23,630,000 is well within the range of reasonableness, especially considering the complexity of the litigation, and the risks of establishing liability, aggregate damages, and class wide impact.​

Considering the ongoing Covid-19 pandemic, the Court has scheduled the Final Fairness Hearing to occur telephonically on November 17, 2020, at 11:30 am. 

For more information about Kehoe Law Firm and its involvement in this matter, please contact John A. Kehoe at [email protected] or call (215) 792-6676.

Today, the Kehoe Law Firm filed a class action lawsuit against Magellan Health, Inc. alleging the inadequate safeguarding of personally identifiable information (PII) and protected health information (PHI) of its current and former employees, as well as health plan participants. Magellan Health recently experienced a targeted cyberattack and data breach, resulting in the reported compromise of PII and PHI for plaintiffs and over 365,000 class members.​

The compromised information, including names, contact details, employee ID numbers, W-2 or 1099 information, Social Security Numbers, taxpayer identification numbers, treatment details, health insurance account information, member IDs, and other health-related data, is now alleged to be in the hands of cyberthieves. The complaint further alleges that Magellan Health’s reckless and negligent maintenance of this sensitive information on its computer network left it vulnerable to cyberattacks. 

Michael Yarnoff of the Kehoe Law Firm emphasized the significance of personal information and the responsibility of corporations to protect it, stating, “In an era where personal data is increasingly under threat, corporations must prioritize the protection of sensitive information. The allegations against Magellan Health underscore the importance of robust cybersecurity measures to safeguard personal and health-related details.” 

Plaintiffs contend that Magellan Health failed to provide timely and adequate notice of the unauthorized access, exposing them to the risk of identity theft and fraud. The lawsuit seeks various remedies, including compensatory damages, reimbursement of out-of-pocket costs, restitution, and injunctive relief. The latter includes demands for enhancements to the defendant’s data security systems, annual audits, and funded credit monitoring services. 

The legal claims against Magellan Health include negligence, negligence per se, breach of implied contract, unjust enrichment, violation of the Arizona Consumer Fraud Act, violation of California’s Unfair Competition Law, violation of Missouri’s Merchandising Practices Act, violation of New York’s General Business Law § 349, violation of Pennsylvania’s Unfair and Deceptive Trade Practices and Consumer Protection Law, violation of Virginia’s Personal Information Breach Notification Act, and violation of Wisconsin’s Deceptive Trade Practices Act. 

For more information about Kehoe Law Firm and its involvement in this matter, please contact Michael Yarnoff at [email protected] or call (215) 792-6676.

Kehoe Law Firm Announces that the Court Preliminarily Approved a $9,950,000 Partial Settlement with Citigroup in the FX Indirect Purchaser Litigation

Kehoe Law Firm, on behalf of its client, FX Primus Ltd., announced today that the District Court for the Southern District of New York gave preliminary approval to a partial settlement with Citigroup Inc., Citibank, N.A., Citicorp, and Citigroup Global Markets Inc. (collectively, “Citigroup”), partially settling claims in Contant, et al. v. Bank of America Corp., et al., No. 1:17-cv-03139 (LGS) (S.D.N.Y.)  and consolidated actions.​

Pursuant to terms of the settlement, Citigroup agreed to pay $9,950,000 and provide “reasonable cooperation” in the continued prosecution of the Action against the non-settling defendant banks, as set forth in the Settlement Agreement.​

The lawsuit alleges that prominent financial institutions, including Citigroup, Standard Chartered, Société Générale, Bank of America, Barclays, BNP Paribas, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley, RBC, RBS, and UBS (the “Defendants”), conspired to fix foreign currency (“FX”) instrument prices.

According to Mr. Kehoe, “as we continue to prosecute the action against other defendants, the cooperation secured from Citigroup stands as a formidable tool, empowering us to pursue justice and fair compensation for those who may have been affected by the manipulation of foreign currency instrument prices.”  

The court scheduled a final fairness hearing on a future date to be determined by the court. For more information about the case and settlements, please visit the Claims Administrator’s website at: https://www.fxindirectantitrustsettlement.com/ 

For more information about Kehoe Law Firm and its involvement in this matter, please contact John A. Kehoe at [email protected] or call (215) 792-6676.

The Kehoe Law Firm, P.C. is pleased to announce that it has successfully reached a settlement on behalf of its client, the Buffalo Grove Police Pension Fund, in the stockholder derivative action against Navient, Inc. (“Navient” or the “Company”). The settlement includes comprehensive governance reforms designed to prevent and protect against the recurrence of alleged wrongdoings, such as:​

1. 1. Loan Servicing and Collections Compliance Committee: Navient shall maintain a Loan Servicing and Collections Compliance Committee who oversee loan servicing and loan-related collections efforts and internal controls and report to the Board’s Audit Committee.
   2.  Two New Independent Directors and Improved Board Training:  Navient will add two new independent directors to the Board. All new directors will receive training on consumer protection and state collection laws, including annual training on these topics.
   3. New Limits on Board Service: The Chair of the Audit Committee shall not serve on the audit committee of more than one other public company’s board of directors. No director may serve as chairperson of one company’s committee or member of more than three committees.
   4. Greater Authority for Independent Directors: Independent directors will meet in executive session at least four times annually. Independent directors have the authority to request reports from any of the Company’s business units.
   5. ​Greater Disclosure of Risk Oversight Responsibilities: New disclosures regarding the Board’s risk oversight responsibilities. Revision of Board Charters to clearly describe each committee’s risk oversight responsibilities.
   6. ​Code of Business Conduct and Whistleblower Policy: Amendment to the Code of Business Conduct to direct executives and employees to report any loan servicing and collections violations immediately.

These governance reforms aim to enhance oversight, transparency, and accountability within Navient, providing a substantial benefit to the Company and its stockholders.

John Kehoe, Partner at Kehoe Law Firm, P.C., commented on the settlement: “We are pleased with this settlement, which reflects a significant step towards improving corporate governance at Navient. The implemented reforms address key concerns and will contribute to a more transparent and accountable framework, ultimately benefiting the Company and its shareholders.”​

For more information about Kehoe Law Firm and its involvement in this matter, please contact John A. Kehoe at [email protected] or call (215) 792-6676.​