Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-UBS Advisor Says Firm Fired Him Over His Depression
By Jeff BermanThe wirehouse failed to reasonably accommodate his treatment, according to a lawsuit.
July 20, 2023
Appeals Court Sides With Aon in Lowe's 401(k) SuitPlaintiffs objected to the firm selling one type of service to the plan while providing another.
July 20, 2023
Ponzi Schemer Who Got Trump Clemency Charged in New Fraud CaseEliyahu "Eli" Weinstein and four others were charged with defrauding more than 150 investors of $35 million.
July 18, 2023
Gundlach Tangles With Ex-Partners Over Value of DoubleLine StakesThe drawn-out litigation is one of several recent spats among mega alternative asset managers.
July 17, 2023
JPMorgan Broker Suspended for Not Disclosing Kidnapping ChargesThe broker was charged with kidnapping a child and threatening a crime resulting in death or bodily injury.
July 14, 2023
Bank of America Sued Over Unauthorized Accounts, FeesThe lawsuit follows, and references, a recent $250 million settlement BofA reached with U.S. regulators.
July 14, 2023
Tax Advisor to Top DJs Charged With Hiding $100M From U.S.Frank Butselaar, who was arrested in Italy, faces up to five years in prison on the most serious charges.
July 12, 2023
Allianz U.S. Unit Ordered to Pay $6B in Securities Fraud CaseIts structured alpha funds lost $7 billion during the early days of the pandemic in 2020, spurring many investor lawsuits.