Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Musk Accused by SEC of Cheating Twitter Investors Out of Millions
By Nicola M. White and Chris DolmetschThe billionaire cheated Twitter shareholders out of more than $150 million, the SEC alleges.
January 09, 2025
Lincoln Financial Hit With Investor Lawsuits in State CourtThe plaintiffs say the company should have warned them earlier about problems with its variable universal life policies.
January 03, 2025
Whipsaw BOI Rulings Leave Business Owners DizzyMost American business owners were to become subject to a Jan. 1 deadline to submit beneficial ownership information reports.
January 02, 2025
Schwab, RIA Let Client's Family Drain Retirement Portfolio, Lawsuit AllegesA son says Schwab and Hamilton Capital Management were negligent in allowing large withdrawals from his father's account.
December 31, 2024
Estate Planners Look for Way Out of Connelly ChainsA lawyer says the obvious alternatives to Crown C Supply's arrangement are fine — for a family that never changes.
December 23, 2024
Merrill to Settle Overtime Suit for $4.9MThe firm is establishing a fund to settle allegations that it underpaid certain salaried advisors and trainees.
December 19, 2024
Schwab Seeks to Block Former Advisor From Soliciting ClientsThe firm wants to block its former advisor, Robert Van Ortega, from soliciting clients for his new RIA.
December 18, 2024
FINRA Awards $4.8M to Baird in Raymond James Poaching DisputeThe payments represent only a fraction of the $74 million in damages sought by the wealth management firm.