Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Washington National Breach Victim Says Disclosure Was Too Vague
By Allison BellThe Illinois resident believes the breach led to the compromise of her debit card, according to a lawsuit.
March 07, 2024
3 Suspects Charged With Murdering Advisor, Wife Who Vanished at SeaThe suspects are also charged with kidnapping and escaping lawful custody, among other crimes.
March 07, 2024
Genworth Accused of Wrongly Terminating Life PoliciesThe plaintiffs have accused the insurer of violating California policy termination notice requirements.
March 05, 2024
FSI Asks Court to Strike Down DOL Independent Contractor RuleThe new rule is arbitrary and capricious, FSI and its coalition partners argue.
March 05, 2024
Ex-Credit Suisse Clients Face Grand Jury Probes Over TaxesMeanwhile, the Justice Department is investigating whether the bank, now owned by UBS, helped Americans hide assets from the IRS.
March 01, 2024
Guardian, Advisors Say Unhappy Life Buyers Should Have Read the PoliciesThe defendants reject assertions that they owed a model and a stylist a fiduciary duty.
February 29, 2024
Ex-Morgan Stanley Advisor Says Co-Worker Proposed Honeypot SchemeThe co-worker wanted her "to use her sex and her looks" to attract clients, a lawsuit says.
February 28, 2024
Lawsuit: Mariner, American Century Made Secret 'No Poach' DealA gentleman's agreement "chained workers to their employers and suppressed any competition," the lawsuit contends.