Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Envestnet Destroyed Evidence in $100M Lawsuit, Court Report Finds
By Melanie WaddellA special master has recommended sanctions against Envestnet and Yodlee in a case brought by FinancialApps.
August 19, 2025
Judge Lets Family's Suit Over $67.5M in Life Insurance Move ForwardWhen interest rates rose, the cost of the premium financing used to buy the policies soared.
August 18, 2025
JPMorgan Must Face Claims Over Son’s Fleecing of Elderly MomFirms are facing more scrutiny over their responsibility for losses of aging clients with possible cognitive limitations.
August 18, 2025
JPMorgan Chase Bank Sued Over CD Rollover Rate ChangeA high-interest "relationship" certificate of deposit rolls over to a low rate without warning, a customer complains.
August 16, 2025
Judge Rejects BofA’s Move to Dismiss ‘Misuse’ of 401(k) LawsuitA North Carolina judge says the suit tied to forfeited retirement funds left behind by departing staff must move forward.
August 12, 2025
Ex-Banker Convicted of Murdering BofA ExecAnthony Duwayne Turner was found guilty of murder, rape and burglary in Michelle Avan's slaying in Southern California.
August 12, 2025
Schwab Faces Cash Sweeps Suit Alleging Elder Financial AbuseThe complaint is among many accusing firms of paying unreasonably low interest on cash sweep balances.
August 12, 2025
Fidelity Brokerage, BNY Sued Over Unauthorized Fund TransfersThe alleged transfers were from a Fidelity cash management account, after the client's Fidelity debit card was stolen.