Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Court's Bitcoin ETF Ruling Isn't a Slam Dunk
By Ric EdelmanWhile the court ruled for Grayscale, it didn't order the SEC to approve a spot bitcoin ETF.
September 01, 2023
Wells Fargo Persists in 'Lawless Ways,' Suit ClaimsSeparately, a judge dismissed another suit related to fake interviews allegedly conducted to meet diversity quotas.
September 01, 2023
TIAA Hit With Second Class-Action Suit Over MOVEit HackTIAA inadequately maintained its network and failed to provide timely notice to some 2.4 million clients, the suit argues.
August 31, 2023
Genworth Sued Over Personal Data Exposed in MOVEit HackThe breach may have exposed personal information, including Social Security numbers, of about 2.5 million Genworth clients.
August 31, 2023
Schwab, Creative Planning Sued Over $9.5M LossA "reckless and negligent stock options investment strategy" led to the loss of the client's Boeing stock, the suit claims.
August 30, 2023
Ex-Creative Planning Employees Sue Over Non-Compete AgreementsFour former employees say their employment agreements are illegal and prevent them from working in the industry.
August 30, 2023
Ex-Morgan Stanley Exec Says He Was Fired for Being WhiteIn a lawsuit, Kevin Meyersburg alleges that the wirehouse replaced him with a less-qualified Black woman.
August 30, 2023
Schwab, TD Ameritrade & Fidelity Sued for Selling 'Fictitious' SharesAn EV maker claims a group of brokerage firms and broker-dealers damaged the carmaker's stock price.