Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Judge Approves $6.3M Forfeiture for 'Annuity King'
By Allison BellPhillip Roy Wasserman predicts he'll win on appeal.
January 31, 2024
Allianz Life Responds to Suit Involving Agent Oversight QuestionsThe company asserts that, under California law, an insurer is not a fiduciary for its insured.
January 29, 2024
Ex-IRS Contractor Who Leaked Trump & Billionaires' Tax Data Gets 5 Years in PrisonEarlier, Charles Littlejohn admitted to taking tax information about thousands of wealthy Americans, like Jeff Bezos, and passing it to ProPublica.
January 29, 2024
Federal Court Rules in Favor of Allstate in Privacy CaseThe suit is part of a big wave of California cases aimed at companies that used standard traffic analysis services.
January 25, 2024
Schwab-TD Ameritrade Antitrust Suit Lives OnThe judge has set several deadlines in the case for this year and next.
January 23, 2024
Mariner Recruited 'Double Agent' to Poach Clients, Lawsuit ClaimsRWA Wealth says Mariner coaches its recruits to break rules; Avantax is also suing over alleged poaching.
January 19, 2024
Woman's Estate Sues MetLife, Fidelity Over Where Death Benefits Should GoThe estate accused a man of forcing the woman to make him a life and retirement account beneficiary.
January 18, 2024
Ex-Citi Advisor Charged With Fraud in Film Investment SchemeHelen Caldwell solicited clients to invest in her movie projects and spent their money on herself, prosecutors say.