Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Court Action in Carson Group Lawsuit Pushed to May 2025
By Dinah Wisenberg BrinA fired executive contends she faced retaliation after objecting to its response to a conference-goer's assault report.
November 19, 2024
Ex-Wells Fargo Rep Gets 3 Years in Prison for $4M Health Care SchemeA former Stifel, Wells Fargo and Morgan Stanley advisor was sentenced for defrauding public health insurance plans.
November 13, 2024
Ex-Branch Manager Accuses Wells Fargo of 'Extreme and Outrageous' ConductMaureen O’Donnell has sued, alleging harassment, retaliation and wrongful termination.
November 11, 2024
JPMorgan Goes After Ex-Broker for Taking Clients to Morgan StanleyAt least a dozen JPMorgan clients have moved their accounts, the bank says in a court filing.
November 07, 2024
What's at Stake in the Ameriprise-LPL Fight Over Client DataAmeriprise accuses LPL of encouraging recruits to abscond with client data; LPL says Ameriprise aims to restrict competition.
November 07, 2024
Vanguard to Pay $40M in Target-Date Sell-Off CaseIt caused an "elephant stampede" sale of these funds when it opened institutional products to more retirement plans.
November 05, 2024
JPMorgan Is Latest to Be Sued Over Cash SweepsA customer alleges "exploitative and unfair implementation" of the firm's bank deposit sweep program.
November 01, 2024
Ex-JPMorgan Advisor to Halt Client Poaching Amid ArbitrationGary Carruthers was sued after allegedly persuading former clients with $24 million in assets to move their business to Wells Fargo.