Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Prudential Sued Over MOVEit Hack
By Allison BellThe plaintiffs have proposed that the company provide 10 years of free credit monitoring.
August 17, 2023
Genworth Backs Consolidating Federal MOVEit Breach Suits in MassachusettsJohns Hopkins wants the cases against it to stay in Maryland.
August 14, 2023
UBS to Pay $1.44B to Settle DOJ Mortgage-Bond CaseThe bank was accused of "knowingly and repeatedly" making false and fraudulent statements about the loans backing the securities.
August 11, 2023
This Is Not the 'Altruist' You're Looking for: Michigan RIA Sues for Trademark InfringementAltruist Financial Advisors' CEO says his firm has received money intended for the California-based custodian.
August 11, 2023
Ex-LPL Broker Gets 4 Years in Prison for Raiding Older Clients' AnnuitiesOne affected client had dementia and another had suffered a traumatic brain injury, according to the Justice Department.
August 08, 2023
TIAA Hit With Class-Action Suit Over MOVEit HackTIAA failed to protect some 2.3 million customers' personal data from the MOVEit hack, according to the suit.
August 08, 2023
American National Seeks to Void Another Life PolicyThe insurer says many residents of one town applied for coverage insuring non-relatives using false information.
August 04, 2023
New Suit Says Wells Fargo Opened More Unauthorized Bank Accounts"As one Wells Fargo fake account scandal concludes, another emerges," the lawsuit says.