Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
IRA Lawsuit Shows Why Advisors Must Watch for Elder Financial Abuse
By Dinah Wisenberg BrinA woman alleges her uncle abused her late grandmother and coerced her to change beneficiary amounts.
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.
January 31, 2024
Grange Holdings Sues Kansas City Life Over NameThe complaint filed in an Ohio court involves a life insurance unit that changed hands.
January 31, 2024
Policyholder Sues Northwestern Mutual Over Life and Disability PoliciesA man in Florida is attributing claim filing delays to incorrect information provided by the insurer.
January 31, 2024
Allianz Life Responds to Suit Involving Agent Oversight QuestionsThe company asserts that, under California law, an insurer is not a fiduciary for its insured.
January 29, 2024
Ex-IRS Contractor Who Leaked Trump & Billionaires' Tax Data Gets 5 Years in PrisonEarlier, Charles Littlejohn admitted to taking tax information about thousands of wealthy Americans, like Jeff Bezos, and passing it to ProPublica.