Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Lincoln Financial Hit With Investor Lawsuits in State Court
By Allison BellThe plaintiffs say the company should have warned them earlier about problems with its variable universal life policies.
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.
December 23, 2024
Merrill to Settle Overtime Suit for $4.9MThe firm is establishing a fund to settle allegations that it underpaid certain salaried advisors and trainees.
December 19, 2024
Schwab Seeks to Block Former Advisor From Soliciting ClientsThe firm wants to block its former advisor, Robert Van Ortega, from soliciting clients for his new RIA.
December 18, 2024
FINRA Awards $4.8M to Baird in Raymond James Poaching DisputeThe payments represent only a fraction of the $74 million in damages sought by the wealth management firm.
December 18, 2024
LPL Agrees to Purge Data From Recruited Ameriprise AdvisorsThe firms agreed to a court order in legal battle over ex-Ameriprise reps' transfer of client info.
December 13, 2024
San Antonio Advisor and Radio Host Charged With Obstructing FBI ProbeBrooklynn Chandler Willy was arrested and jailed on allegations she produced false documents in response to a subpoena.
December 10, 2024
LPL Network Firm Worker Pleads Not Guilty to Double MurderRamy Fahim is charged with killing a co-worker and the co-worker's roommate.