Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Aflac Sues Vendor Over Ransomware-Related Refund
By Allison BellThe insurer says a 2022 Exela hack temporarily disrupted its ability to process claims.
February 12, 2024
Bharara Once Jailed Wall Street Pros. Now He Helps Them Avoid PrisonWhen firms see enforcement actions, they should move to ensure they're "not going to be in the same position," he says.
February 08, 2024
IRA Lawsuit Shows Why Advisors Must Watch for Elder Financial AbuseA woman alleges her uncle abused her late grandmother and coerced her to change beneficiary amounts.
February 08, 2024
Arraignment Set for LPL Network Firm Employee Charged With Double MurderRamy Fahim is accused of killing co-worker Griffin Cuomo and Cuomo's roommate, Jonathan Bahm.
February 06, 2024
'Annuity King' Gets 15-Year Sentence, Files AppealPhillip Roy Wasserman, convicted of defrauding insurance company investors, is set to begin serving time Feb. 23.
February 05, 2024
SS&C Seeks $889M in Appeal of BNY Data-Misuse CaseBNY Mellon "destroyed and refused to produce relevant evidence" that would have shown how it used market data from SS&C, the appeal says.
February 01, 2024
Raymond James to Pay Fine in Oregon Over High CommissionsThe penalties and restitution come after the firm agreed to a $13 million multi-state settlement last year.
February 01, 2024
Judge Approves $6.3M Forfeiture for 'Annuity King'Phillip Roy Wasserman predicts he'll win on appeal.