Vannin backing collective action against Apple

Vannin Capital is backing a representative opt-out collective action filed in the Competition Appeal Tribunal in London against Apple for allegedly overcharging millions of UK users for apps and other purchases made on its market-leading App Store. The class action is seeking estimated damages of up to £1.5 billion. Hausfeld is leading the litigation, along with Brick Court Chambers and Monckton Chambers. Read more.

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New Fundings

Vannin backing claim against Australian pharmaceutical company

Vannin Capital is backing a class action filed by Phi Finney McDonald against Australian pharmaceutical company Mayne Pharma Group. The proceeding was filed on behalf of current and former shareholders and alleges that Mayne breached its continuous disclosure obligations by, among other things, failing to inform investors about an alleged price-fixing and market-share arrangement in the US. Vannin will take, subject to court approval, a 25% funding commission from a successful outcome.

New Fundings

Vannin backs claim against Google

Vannin Capital is backing a claim filed by Hausfeld in the Competition Appeal Tribunal against Google on behalf of an estimated 19.5 million eligible UK users of smartphones and tablets running on Google’s Android operating system. The claim alleges that Google unfairly restricts consumers from accessing potential competition from other app distributors, by requiring smartphone manufacturers to pre-install a bundle of Google’s proprietary apps and services including the Google Play Store as well as imposing other contractual and technical restrictions. Estimated damages run up to £920 million.

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Private lawyers with ties to D.C. AG’s office could get up to $55 million to sue Amazon

Hausfeld LLP has scored a contingency fee contract so potentially lucrative that it includes a stipulation that the firm can’t take more than $55 million in fees. District of Columbia Attorney General Karl Racine has chosen the firm to file an antitrust lawsuit against Amazon for allegedly keeping third-party sellers on the site from offering their products elsewhere for lower prices, ensuring that they’d be sold on Amazon and the company could keep a percentage.

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