Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
UBS Intensifies Cash Clawback From Credit Suisse Defectors
By Gillian Tan & Marion HalftermeyerThe bank's law firms are threatening legal action if the required amounts, estimated at under $750 million, aren't returned.
December 06, 2023
Pacific Life, Agent Face Suit Over $500K Payment That VanishedThe client asserts that bad wiring information caused him to transfer cash to cybercriminals.
December 05, 2023
Ex-Schwab Employee Alleges Racial, Religious DiscriminationAmong other contentions, the ex-employee says Schwab failed to accommodate his religiously required vegan diet.
December 04, 2023
Ex-Wells Fargo CEO Sloan Sues Over $34M in Withheld PaySloan, 63, took over Wells Fargo weeks after a scandal involving fake customer accounts erupted at the firm.
December 04, 2023
Billionaire Tax Rests on Disputed $14,729 RefundThe Supreme Court will consider whether Congress can put a levy on stock holdings, real estate and other wealth.
December 01, 2023
SEC's Use of In-House Judges Cast in Doubt by Supreme CourtThe justices suggested that fraud defendants have a constitutional right to a jury trial.
November 28, 2023
Equitable, Consultant Sued Over Rollover Into an AnnuityA retiree says he was led to believe, incorrectly, that he would get a minimum income guarantee.
November 27, 2023
Advisor Accused of Churning Retired Couple's PortfolioThe advisor allegedly made over $75 million in trades in 2021, according to the suit, which was later dropped.