Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Case Opens Door to COVID-Era Tax Refund Claims
By Robert Bloink and William H. ByrnesMany taxpayers may be entitled to significant refunds for late payments, late filings and other penalties.
April 01, 2026
Ex-Ameriprise Client Files Class Action Over Data IncidentA lawsuit contends that a cybercriminal group compromised clients' sensitive information.
March 30, 2026
Suspended Broker Who Pretended to Be Trading Whiz Pleads Guilty to FraudKenneth Thom, who promoted himself on social media as "K Money," faces up to five years in prison.
March 28, 2026
BofA to Pay $72.5M to Settle Epstein Victim LawsuitAccording to the suit, Apollo Global co-founder Leon Black used the bank's accounts to transfer $170 million to Epstein.
March 27, 2026
Judge Dismisses Case Against Fidelity Over Money Market Fund FeesInvestor plaintiffs failed to show Fidelity breached its fiduciary duty, the judge ruled.
March 25, 2026
Court Refuses to Vacate $133M Arbitration Award Against StifelThe FINRA award was tied to former financial advisor Chuck Roberts.
March 24, 2026
Hightower Reports Data BreachThe unauthorized access to the firm's systems affected more than 131,400 people.
March 23, 2026
Commonwealth Agrees to Pay $5M to SEC After $93M Judgment TossedThe settlement would resolve a long-running battle over disclosure of a mutual fund revenue-sharing program.