Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Advisor Accuses LPL of 'Raiding' His Firm in Retaliation
By Dinah Wisenberg BrinThe wealth manager alleges that LPL retaliated after he started looking for another broker-dealer.
March 11, 2024
Washington National Breach Victim Says Disclosure Was Too VagueThe Illinois resident believes the breach led to the compromise of her debit card, according to a lawsuit.
March 08, 2024
Commonwealth Still Fighting $111.5M SEC Suit Over Mutual Fund FeesThe firm hopes to limit the damages it must pay to between $5 million and $24 million.
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.