Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
12 States to Sue Over DOGE Access to Payment System
By Melanie Waddell"This level of access for unauthorized individuals is unlawful, unprecedented, and unacceptable," the 12 attorneys general said.
January 31, 2025
Advisor Pleads Guilty to Taking $17M From Clients, Including His AuntScott Mason, former Rubicon Wealth Management president, could face up to 80 years in prison.
January 28, 2025
Mariner CEO Personally Called Planner, Edelman Says in Poaching SuitMariner requested Edelman's non-solicitation agreement and advised the planner on how to defend against a lawsuit, Edelman contends.
January 27, 2025
Raymond James Gets Restraining Order Against Ex-Intern Accused of DefamationThe court barred the former intern from going within 100 yards of firm offices and two employees.
January 27, 2025
Appeals Court Sides With Equitable in NY Universal Life CaseSurrendering a policy affects whether the owner can collect damages, the top New York court says.
January 24, 2025
Judge Dismisses Hollywood Managers’ Suit Against Goldman, Focus FinancialThe managers claimed Goldman misled them about Focus’ $7 billion acquisition, spoiling their own efforts to be acquired.
January 23, 2025
Debate: Does ESG Investing Breach Plan Sponsors’ Duty of Loyalty?A Texas court found that American Airlines' plan erred by including environmental, social and governance factors.
January 16, 2025
Federal Appeals Court Rules on How to Read a Life Insurance PolicyKansas City Life violated contract terms when changing its cost-of-insurance charges, an 8th Circuit panel found.