Financial Fraud Lawsuit News and Information
Lehman Brothers Class Action Lawsuit Filed
A Lehman Brothers class action suit has been filed on behalf of investors who purchased Lehman Preferred Series “J” stock shares issued between February 5, 2008 and September 15, 2008.
All Articles Tagged With: "Financial Fraud"
Financial Fraud Arbitration Cases Increased 43% in 2009
The number of plaintiffs filing financial fraud arbitration claims topped 7,000 last year, as more brokers and financial firms were hit with breach of fiduciary duty charges in the wake of the sub-prime mortgage debacle.
Stock Broker Elder Financial Abuse Claim Results in $1.6M Award
A panel of arbitrators through the Financial Industry Regulatory Authority (FINRA) has awarded a 95-year old man $1.6 million in damages against StockCross Financial Services in a stock broker fraud claim that resulted in triple damages based on a finding of elder abuse.
FINRA Warns About Principal-Protected Structured Notes
Financial industry regulators have warned brokerage firms not to overstate the security of principal-protected notes (PPNs), which are not risk-free as their names often suggests. The reminder comes after a number of financial fraud lawsuits have been filed against brokers who allegedly sold the notes as conservative and safe investments without adequately disclosing the [...]
Case Against UBS Over Lehman Brothers Notes Results in $200k Award
An investor has been awarded $200,000 in a stockbroker fraud claim against UBS Financial Services over the sale of Lehman Brothers structured notes, which were rendered virtually worthless after the September 2008 collapse of the investment bank.
Stock Broker Arbitration Results in $1.1M Award for 90 Year Old Woman
The brokerage firm William Blair & Co. and two of their former brokers have been ordered to pay $1.17 million to an elderly woman who filed a stock broker arbitration claim, alleging that two of her brokers made illegal changes to her account without her permission and even created a fake e-mail address for her [...]
Charles Schwab YieldPlus Class Action Opt-Out Date Set for Dec. 28
A federal court overseeing the Charles Schwab YieldPlus class action lawsuit has set a deadline of December 28, 2009, for members of the class to opt-out and pursue their own individual financial fraud claims.
Arbitration Claim Results in 100% Recovery of Schwab YieldPlus Losses
An arbitration panel through the Financial Industry Regulatory Authority (FINRA) has ruled in favor of a pair of investors who filed a fraud claim against Charles Schwab to recover losses they suffered from the substantial decline in Schwab YieldPlus Fund, awarding 100% of their net out-of-pocket losses, plus attorney fees, interest and costs associated with [...]
Evergreen Ultra Short Opportunities Fund Settlement Reached for $40M
Wachovia Bank’s investment management arm, Evergreen Investment Management Co., will pay $40 million to the Securities and Exchange Commission (SEC) to settle charges that it inflated the value of their mortgage-backed Ultra Short Opportunities Fund, and then only informed select investors when the fund ran into trouble.
Fisher Investments Lawsuit and Arbitration Claim Filed by Clients of Financial Advisor Firm
At least one lawsuit and one securities fraud arbitration claim have been filed against Fisher Investments over losses suffered by clients of the financial advisor firm who lost money due to heavy investments in stocks, despite conservative investment objectives and evidence of an aproaching bear market.
Stanford CD Class Action Lawsuit Filed by Defrauded Investors
A class action lawsuit has been filed against Stanford Group Co., Stanford Financial Group and other related entities on behalf of investors who lost money in a $9.2 billion investment fraud uncovered this week.
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