Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
JPMorgan to Pay $75M to Settle Epstein-Related Claims
By Hannah Levitt & Ava Benny-MorrisonThe bank tentatively agreed to a deal with the U.S. Virgin Islands, which had originally sought $190 million.
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.
September 11, 2023
Wells Fargo's $1B Fake-Accounts Settlement Gets Judge's OKThe securities class-action settlement brings the total the bank has agreed to pay to nearly $5 billion.
September 08, 2023
Ex-Edward Jones Employee Alleges Abuse In Suit Against Firm, AdvisorThe advisor screamed at the employee repeatedly and made her cry, according to the lawsuit.