Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Allianz Life Faces Annuity Owner Suit
By Allison BellThe plaintiff says the insurer should have explained why it cut off ties to her advisor.
September 29, 2023
Analyst Accused of Punching Subway Worker Faces Judge, Civil SuitThe New York transit operator saying she was attacked has sued Jean-Francois Coste of Tocqueville Asset Management.
September 28, 2023
Trump's Business Empire at Risk of Dissolution After RulingNew York's attorney general is authorized to cancel the certificates for Trump companies that hold assets with inflated values.
September 27, 2023
John Hancock Charged Excessive 401(k) Fees, Suit ClaimsContainer shipping company Maersk is a facing a class-action lawsuit from participants in its 401(k) plan.
September 26, 2023
Trump Found Liable for Fraud in New YorkThe lawsuit says he exaggerated his net worth by billions of dollars on records sent to banks and insurers.
September 26, 2023
MassMutual Annuity Unit Faces Federal MOVEit Data Breach SuitA hearing this week could determine how many federal MOVEit suits are handled.
September 26, 2023
JPMorgan to Pay $75M to Settle Epstein-Related ClaimsThe bank tentatively agreed to a deal with the U.S. Virgin Islands, which had originally sought $190 million.
September 25, 2023
SEC: 'Cash Flow King' Host Ran $11M Ponzi SchemeMatthew Motil was charged with defrauding over 50 investors in a scheme involving notes backed by residential properties.