Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
No Final Decision on DOL Fiduciary Rule — Yet
By Melanie WaddellThe new Texas rollover decision does not materially affect the 2024 fiduciary rule, ERISA lawyer Brad Campbell says.
July 14, 2025
Morgan Stanley, Goldman and Wells Fargo to Settle $120M LawsuitThe trio helped Bill Hwang’s $36 billion family office place massive bets on stocks.
July 11, 2025
Court Rejects Part of Frozen DOL Rollover RuleThe judge accepted the argument that one rollover transaction cannot start an "ongoing advice relationship."
July 11, 2025
Stifel Hit With Suit Over Excessive 401(k) Plan Fees, Fund OptionsEmployees say the average fee of $79 is 182% higher than that of comparable retirement plans.
July 09, 2025
Abacus Sues Coventry Over Life Insurance Policy Valuation ConflictThe publicly traded life settlement firm says its competitor has worked to ruin its reputation.
July 09, 2025
Ex-Merrill Advisor Accused of Stealing Nearly $2.6M From Retired Miami DolphinIsaiah T. Williams Jr. was arrested and released on a $1 million bond.
July 09, 2025
Court Fines Annuity Holder for Arguing Income Taxes Are VoluntaryThe judge added a $1,000 frivolous-position penalty to the total the taxpayer owed.
July 02, 2025
Widow Sues Fidelity Over Husband's Account in Beneficiary Designation CaseLeslie McCarthy contends that her late husband planned to share the account with her.