Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Federal Court Rules in Favor of Allstate in Privacy Case
By Allison BellThe suit is part of a big wave of California cases aimed at companies that used standard traffic analysis services.
January 19, 2024
Woman's Estate Sues MetLife, Fidelity Over Where Death Benefits Should GoThe estate accused a man of forcing the woman to make him a life and retirement account beneficiary.
January 18, 2024
Ex-Citi Advisor Charged With Fraud in Film Investment SchemeHelen Caldwell solicited clients to invest in her movie projects and spent their money on herself, prosecutors say.
January 18, 2024
Woman Sues Genworth Over LTCI Survivorship BenefitThe insurer maintains that accepting a reduced benefit option wiped out the survivorship benefit.
January 18, 2024
Robinhood to Pay $7.5M Over 'Gamification' PracticesThe case resolves a three-year fight with the Massachusetts Securities Division; Robinhood also admitted to a data breach.
January 16, 2024
FSI Resumes Legal Fight Over DOL Independent Contractor RuleTrade groups fired a new salvo in a legal battle that has been halted since 2022.
January 12, 2024
Life Insurer Faces Legal Pushback From Its Own InsurersThe companies are fighting a Nassau Financial subsidiary's claims for coverage against state class-action lawsuits.
January 12, 2024
Morgan Stanley to Pay $249M to End Block Trade ProbesAs part of the agreement, Morgan Stanley will pay about $113 million to the SEC, the regulator said Friday.