Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Wells Fargo CEO Sloan Sues Over $34M in Withheld Pay
By Hannah LevittSloan, 63, took over Wells Fargo weeks after a scandal involving fake customer accounts erupted at the firm.
November 28, 2023
Equitable, Consultant Sued Over Rollover Into an AnnuityA retiree says he was led to believe, incorrectly, that he would get a minimum income guarantee.
November 27, 2023
Advisor Accused of Churning Retired Couple's PortfolioThe advisor allegedly made over $75 million in trades in 2021, according to the suit, which was later dropped.
November 21, 2023
Ex-Advisor Solicited Client Money for Film Business, Regulators SayChecks to Canal Productions represented self-dealing at an elderly client's expense, the inquiry alleges.
November 20, 2023
Edelman Accuses Mariner Wealth of Poaching SchemeMariner has "openly stated that its purpose is to 'run Edelman out of business,'" a lawsuit alleges.
November 20, 2023
New York Life Faces Hiring Suit Linked to Adult FilmThe applicant says the company withdrew a job offer because of a work made and distributed against her will.
November 16, 2023
UnitedHealth Faces Suit Over AI-Based Medicare Advantage Claim DenialsThe plaintiffs assert that the predictive system used to justify denials of post-acute care is too rigid.
November 15, 2023
Ex-Broker Facing Child Porn Charges Loses $1.44M Arbitration With Morgan StanleyThe finding against Randall Kiefner centered on his violating the bank's transition policy after leaving Schwab.