Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
September 01, 2023
Wells Fargo Persists in 'Lawless Ways,' Suit ClaimsSeparately, a judge dismissed another suit related to fake interviews allegedly conducted to meet diversity quotas.
September 01, 2023
TIAA Hit With Second Class-Action Suit Over MOVEit HackTIAA inadequately maintained its network and failed to provide timely notice to some 2.4 million clients, the suit argues.
August 31, 2023
Genworth Sued Over Personal Data Exposed in MOVEit HackThe breach may have exposed personal information, including Social Security numbers, of about 2.5 million Genworth clients.
August 31, 2023
Schwab, Creative Planning Sued Over $9.5M LossA "reckless and negligent stock options investment strategy" led to the loss of the client's Boeing stock, the suit claims.
August 30, 2023
Ex-Creative Planning Employees Sue Over Non-Compete AgreementsFour former employees say their employment agreements are illegal and prevent them from working in the industry.
August 30, 2023
Ex-Morgan Stanley Exec Says He Was Fired for Being WhiteIn a lawsuit, Kevin Meyersburg alleges that the wirehouse replaced him with a less-qualified Black woman.
August 30, 2023
Schwab, TD Ameritrade & Fidelity Sued for Selling 'Fictitious' SharesAn EV maker claims a group of brokerage firms and broker-dealers damaged the carmaker's stock price.
August 29, 2023
Why the Bitcoin ETF Ruling Is a Big WinBitcoin ETFs could account for up to 10% of the cryptocurrency's market value in three years, says Sanford C. Bernstein.
August 29, 2023
Court Paves Way for First Bitcoin ETFA three-judge appeals panel in Washington overturned a previous decision by the SEC blocking the Grayscale ETF.
August 29, 2023
TD Ameritrade Hit With Class-Action Suit Over MOVEit HackThe suit was filed with less than a week to go before all TD client accounts move onto the Charles Schwab platform.