Securities Fraud + Corporate Governance

Scott+Scott represents individuals and institutional investors that have suffered from stock fraud
and corporate malfeasance. Scott+Scott’s philosophy is simple – directors and officers should be
truthful in their dealings with the public markets and honor their duties to their shareholders.
Since its inception, Scott+Scott’s securities and corporate governance litigation department has
developed and maintained a reputation of excellence and integrity recognized by state and
federal and state courts across the country. “It is this Court’s position that Scott+Scott did a
superlative job in its representation, which substantially benefited Ariel . . . . For the record, it
should be noted that Scott+Scott has demonstrated a remarkable grasp and handling of the
extraordinarily complex matters in this case . . . . They have possessed a knowledge of the issues
presented and this knowledge has always been used to the benefit of all investors.” N.Y. Univ. v.
Ariel Fund Ltd., No. 603803/08, slip. op. at 9-10 (N.Y. Sup. Ct. Feb. 22, 2010). “The quality of
representation here is demonstrated, in part, by the result achieved for the class. Further, it has
been this court’s experience, throughout the ongoing litigation of this matter, that counsel have
conducted themselves with the utmost professionalism and respect for the court and the judicial
process.” In re Priceline.com, Inc. Sec. Litig., No. 00-cv-01884, 2007 WL 2115592, at *5 (D.
Conn. July 20, 2007).

Scott+Scott has successfully prosecuted numerous class actions under the federal securities laws,
resulting in the recovery of hundreds of millions of dollars for shareholders. Representative
cases prosecuted by Scott+Scott under the Securities and Exchange Act of 1934 include: In re
Priceline.com, Inc. Sec. Litig., No. 00-cv-01884 (D. Conn. July 19, 2007) ($80 million
settlement); Cornwell v. Credit Suisse Group, No. 08-cv-03758 (S.D.N.Y. July 20, 2011) ($70
million settlement); and Schnall v. Annuity and Life Re (Holdings) Ltd., No. 02-cv-2133 (D.
Conn. June 13, 2008) ($26.5 million settlement). Representative cases prosecuted by
Scott+Scott under the Securities Act of 1933 include: Parker v. National City Corp., No. CV-08-
657360 (Ohio Ct. Com. Pl., Cuyahoga County, June 23, 2010) ($5.25 million settlement); and
Hamel v. GT Solar International, Inc., No. 217-2010-CV-05004 (N.H. Super. Ct., Merrimack
County, May 10, 2011) ($10.25 million settlement).

Scott+Scott currently serves as court-appointed lead counsel in various federal securities class
actions, including St. Lucie County Fire District Firefighter’s Pension Trust Fund v. Oilsands
Quest Inc., No. 11-cv-1288-JSR (S.D.N.Y. May 23, 2011); In re Washington Mutual Mortgage
Backed Securities Litigation, No. 09-cv-0037 (W.D. Wash. Oct. 23, 2009); and West Palm Beach
Police Pension Fund v. CardioNet, Inc., No. 37-2010-00086836-CU-SL-CTL (Cal. Super. Ct.,
San Diego County, 2010) ($7.25 million settlement pending).

In addition to prosecuting federal securities class actions, Scott+Scott has a proven track record
of handling corporate governance matters through its extensive experience litigating shareholder
derivative actions. Representative actions include: In re Marvell Tech. Group Ltd. Derivative
Litigation, No. C-06-03894-RMW (RS) (N.D. Cal. Aug. 11, 2009) ($54.9 million and corporate
governance reforms); In re Qwest Communications International, Inc., No. Civ. 01-RB-1451 (D.
Colo. June 15, 2004) ($25 million and corporate governance reform); Carfagno v. Schnitzer, No.
08-cv-912-SAS (S.D.N.Y. May 18, 2009) (modification of terms of preferred securities issued to
insiders valued at $8 million); and Garcia v. Carrion, No. 3:09-cv-01507 (D.P.R. Sept. 12, 2011)
(settlement of derivative claims against the company and its officers and directors providing for
corporate governance reforms valued between $10.05 million and $15.49 million).
Currently, Scott+Scott is actively prosecuting shareholder derivative actions, including Plymouth
County Contributory Retirement Fund v. Hassan, No. 08-cv-1022 (D.N.J.); Louisiana Municipal
Police Employees Retirement System v. Ritter, 20-CV-01588 (Ala. Cir. Ct., Jefferson County);
Estate of Jacquelin K. Stevenson v. Kavanaugh, No. 08-CP-10-1735 (S.C. Ct. Com. Pl.,
Charleston County); Currie v. Begley, No. 2011 MR 000608 (Ill. Cir. Ct., Kane County); and
North Miami Beach General Employees Retirement Fund v. Parkinson, No. 10C6514 (N.D. Ill.).

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Consumer Rights

Scott+Scott regularly represents the rights of consumers throughout the United States by
prosecuting class actions under federal and state laws. In Gunther v. Capital One, N.A., No. 09-
2966-ADS-AKT (E.D.N.Y.), Scott+Scott obtained a net settlement resulting in class members
receiving 100% of their damages. Other settlements obtained by Scott+Scott include In re Kava
Kava Litigation, Lead Case No. BC 269717 (Cal. Super. Ct., Los Angeles County); Fischer v.
MasterCard International, Inc., No. 600572/2003 (N.Y. Sup. Ct. and New York County); Salkin
v. MasterCard International Incorporated, No. 002648 (Penn. Ct. Com. Pl., Philadelphia
County).

Scott+Scott currently serves as lead counsel in In re Prudential Insurance Company of America
SGLI/VGLI Contract Litigation, No. 3:11-md-02208-MAP (D. Mass.) (challenging Prudential’s
actions relating to the issuance of life insurance contracts to the nation’s military personnel and
dependents); In re Nutella Marketing and Sales Practices Litigation, No. 3:11-cv-01086-FLWDEA
(D.N.J.); and Franco v. Connecticut General Life Insurance Co., No. 07-cv-6039-SRC-PS
(D.N.J.) (challenging the reimbursement of out-of-network healthcare charges).

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