Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Credit Suisse Client in Tax Dodge Case Gets $15M Bail
By David Voreacos & Anna J KaiserDan Rotta, 77, was arrested Saturday in Miami and must remain under house arrest with electronic monitoring, a federal judge ruled.
March 08, 2024
Trump Arranges $91.6M Bond to Appeal Carroll VerdictHe's also been ordered to pay $454 million for inflating his net worth by billions of dollars a year to get better loan terms.
March 07, 2024
3 Suspects Charged With Murdering Advisor, Wife Who Vanished at SeaThe suspects are also charged with kidnapping and escaping lawful custody, among other crimes.
March 07, 2024
Genworth Accused of Wrongly Terminating Life PoliciesThe plaintiffs have accused the insurer of violating California policy termination notice requirements.
March 05, 2024
FSI Asks Court to Strike Down DOL Independent Contractor RuleThe new rule is arbitrary and capricious, FSI and its coalition partners argue.
March 05, 2024
Ex-Credit Suisse Clients Face Grand Jury Probes Over TaxesMeanwhile, the Justice Department is investigating whether the bank, now owned by UBS, helped Americans hide assets from the IRS.
March 01, 2024
Guardian, Advisors Say Unhappy Life Buyers Should Have Read the PoliciesThe defendants reject assertions that they owed a model and a stylist a fiduciary duty.
February 29, 2024
Ex-Morgan Stanley Advisor Says Co-Worker Proposed Honeypot SchemeThe co-worker wanted her "to use her sex and her looks" to attract clients, a lawsuit says.