Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Debate: Does ESG Investing Breach Plan Sponsors’ Duty of Loyalty?
By Robert Bloink and William H. ByrnesA Texas court found that American Airlines' plan erred by including environmental, social and governance factors.
January 15, 2025
Musk Accused by SEC of Cheating Twitter Investors Out of MillionsThe billionaire cheated Twitter shareholders out of more than $150 million, the SEC alleges.
January 14, 2025
Ex-Intern Waged Smear Campaign Against Raymond James, Suit AllegesPhony email campaigns suggested two employees were convicted rapists with neo-Nazi ties, the firm's defamation suit says.
January 10, 2025
Fake WisdomTree Execs Duped Over 1,000 Investors: LawsuitThe fraudsters falsely claimed they hosted a conference with Fidelity, Goldman, BlackRock and Vanguard, WisdomTree's lawsuit contends.
January 09, 2025
Lincoln Financial Hit With Investor Lawsuits in State CourtThe plaintiffs say the company should have warned them earlier about problems with its variable universal life policies.
January 03, 2025
Whipsaw BOI Rulings Leave Business Owners DizzyMost American business owners were to become subject to a Jan. 1 deadline to submit beneficial ownership information reports.
January 02, 2025
Schwab, RIA Let Client's Family Drain Retirement Portfolio, Lawsuit AllegesA son says Schwab and Hamilton Capital Management were negligent in allowing large withdrawals from his father's account.
December 31, 2024
Estate Planners Look for Way Out of Connelly ChainsA lawyer says the obvious alternatives to Crown C Supply's arrangement are fine — for a family that never changes.