Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
October 22, 2024
Carson Group, Fired Exec to Update Judge on Potential SettlementMary Kate Gulick sued the firm in April over her firing.
October 22, 2024
'A Wake Up Call to the Life Insurance Industry:' California Sues InsurersThe case was filed against American General, Lincoln Benefit, Everlake and Transamerica.
October 21, 2024
Supreme Court Rejects Bid to Let President Fire Agency LeadersThe court upheld a ruling that has become a target for groups seeking to defang agencies like the SEC.
October 21, 2024
Revived EF Hutton Breaks Up as Partners Resolve Legal FightThe firm says partners Joseph Rallo and David Boral have agreed to take their businesses "in different directions."
October 21, 2024
LPL Blasts Ameriprise Recruiting Suit as 'Public Relations Stunt'Ameriprise has filed several lawsuits against LPL alleging improper recruiting tactics.
October 17, 2024
$200K Transfer Goes Awry After One Dropped Digit: LawsuitAn unintended recipient has kept the money, says a lawsuit seeking restitution.
October 16, 2024
Client Sues Barred Broker Over 'Devastating' Life Insurance PlanBarred brokers selling complex life insurance plans is a growing problem, the client's lawyer says.
October 15, 2024
Ameriprise Says LPL Urged Advisor to Improperly Lure ClientsLPL's "regular pattern and practice is to encourage recruits to violate their contractual agreements," Ameriprise alleges.
October 14, 2024
Fidelity Sued Over Data Breach Affecting 77,000 ClientsThe firm was negligent and invaded clients' privacy, a proposed class-action complaint claims.
October 11, 2024
Citi: Advisor Improperly Lured Clients to Move Millions to Wells FargoMichael Fowler contacted clients multiple times to solicit them to switch firms, Citi alleges.