Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Advisors Battle Morgan Stanley Over Deferred Comp 'Clawback'
By John ManganaroAbout a dozen former advisors say the firm improperly withheld deferred compensation in violation of ERISA.
January 05, 2024
New Pretrial Date for Ex-Broker Charged With Murder of BofA-Merrill ExecAnthony Duwayne Turner is accused of killing former girlfriend Michelle Avan in 2021; he has pleaded not guilty.
January 04, 2024
AMC Theatres Hopes to Keep Two MOVEit Cyberattack Cases Out of BostonThe outcome could affect how courts handle financial services data-breach victims who are subject to arbitration agreements.
January 02, 2024
Wells Fargo Advisor's Mistake Caused Costly RMD Shortfall: LawsuitAn IRA trust fell short on RMDs, incurring big fines, based on an inaccurate birthdate, the lawsuit contends.
December 19, 2023
Genworth Sued Over Notice Sent to Insured With Cognitive ImpairmentThe plaintiff asserts that use of a benefits change form amounted to financial abuse of an elder.
December 19, 2023
Citi Suit Raises #MeToo Claims at Wall Street's Top LevelsArdith Lindsey says seniority didn't protect her, nor did the elevation of Jane Fraser to Citigroup's CEO slot.
December 18, 2023
BlackRock Sued by Tennessee Over 'Misleading' ESG StrategyThe lawsuit is the first by a GOP official against an investment firm for its ESG strategy.
December 18, 2023
10 Worst Financial Advisors in America: 2023While most advisors make clients' lives better, others stand accused of financial crimes — and worse.