Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Wells Fargo Wins Appeal in FINRA Arb Case
By Melanie Waddell"Nothing indicates that Wells Fargo manipulated the arbitrator pool," the appeals court in Georgia ruled.
August 02, 2022
Citigroup, Genworth Face Lawsuits Over BlackRock TDFs in Their 401(k)sRetirement plan participants have sued at least six companies since Friday over the "underperforming" target date funds.
July 27, 2022
SPAC Cases Lead Securities Class-Action Filings: Cornerstone ResearchPlaintiffs filed 110 new securities class-action lawsuits in federal and state courts in the first half of 2022.
July 25, 2022
September Court Date Set for LPL Network Firm Employee Charged in Double MurderRamy Fahim was charged with killing a co-worker and his roommate; he could face the death penalty.
July 22, 2022
4 Reasons to Fight for Financial Planners' Legal RecognitionThis push may involve lots of resources and many years of planning and effort, but the FPA is ready to lead it.
July 20, 2022
Fidelity's Poaching Complaint Against Former Advisor and UBS Is DismissedFidelity sought injunctive relief to stop an ex-advisor who left the firm from allegedly poaching clients from it.
July 19, 2022
JPMorgan Sues Former Advisor for Allegedly Poaching ClientsJPMorgan asserts the advisor's conduct constitutes a breach of his employment agreements.
July 14, 2022
Ex-Broker Charged With Murdering BofA Exec Wins Right to See Police FilesAnthony Duwayne Turner, charged with killing his ex-girlfriend Michelle Avan, can examine files for evidence of police misconduct.