Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Trump Found Liable for Fraud in New York
By Erik Larson & Patricia HurtadoThe lawsuit says he exaggerated his net worth by billions of dollars on records sent to banks and insurers.
September 25, 2023
SEC: 'Cash Flow King' Host Ran $11M Ponzi SchemeMatthew Motil was charged with defrauding over 50 investors in a scheme involving notes backed by residential properties.
September 22, 2023
TD Ameritrade Sued Again Over MOVEit Data BreachThe brokerage was negligent in using the MOVEit software despite security vulnerabilities, the plaintiff argues.
September 20, 2023
John Hancock and Talcott Re Face Lawsuits Tied to 2017 Tax CutsThe suits could affect what happens to life insurance policy cost-of-insurance charges when tax rules change.
September 18, 2023
Hunter Biden Sues IRS Over Tax Disclosures by Agency EmployeesThe lawsuit refers to an "assault" on his rights from the televised disclosure of confidential tax information.
September 15, 2023
Ex-Wells Fargo Exec Avoids Prison Over Accounts ScandalCarrie Tolstedt agreed to a ban on working in the banking industry and to pay $21 million in civil penalties to regulators.
September 15, 2023
LPL Hit With Discrimination LawsuitThe former employee alleges she was denied a promotion for being a Black woman.
September 14, 2023
Fidelity, BofA, Others Face New Lawsuit Over MOVEit Data BreachFinancial, software and data processing firms failed to properly safeguard consumers' personal data, the suit alleges.