Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Goldman, JPMorgan, Morgan Stanley & UBS to Pay $499M to Settle Stock-Lending Suit
By Chris Dolmetsch and Bob Van Voris-The antitrust class action was bought by the Iowa Public Employees' Retirement System and other pension funds.
August 18, 2023
Ex-Broker Gets Life in Prison for Crimes Tied to Death of ClientKeith Todd Ashley was found guilty of fraud and a gun charge; a murder case is pending.
August 17, 2023
Wells Fargo Discriminated Against Older Advisor, Suit ClaimsA senior advisor says his supervisors sent his clients to a younger advisor and performed other discriminatory acts.
August 17, 2023
Genworth Backs Consolidating Federal MOVEit Breach Suits in MassachusettsJohns Hopkins wants the cases against it to stay in Maryland.
August 14, 2023
UBS to Pay $1.44B to Settle DOJ Mortgage-Bond CaseThe bank was accused of "knowingly and repeatedly" making false and fraudulent statements about the loans backing the securities.
August 11, 2023
This Is Not the 'Altruist' You're Looking for: Michigan RIA Sues for Trademark InfringementAltruist Financial Advisors' CEO says his firm has received money intended for the California-based custodian.
August 11, 2023
Ex-LPL Broker Gets 4 Years in Prison for Raiding Older Clients' AnnuitiesOne affected client had dementia and another had suffered a traumatic brain injury, according to the Justice Department.
August 08, 2023
TIAA Hit With Class-Action Suit Over MOVEit HackTIAA failed to protect some 2.3 million customers' personal data from the MOVEit hack, according to the suit.