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Personal Injury & Torts

Dec. 1, 2010

Schwab Settlement Gets a Nod

A federal judge has given preliminary approval to a settlement between the Charles Schwab Corp. and plaintiffs who sued over investments in mortgage-backed securities.


By Rebecca Beyer


Daily Journal Staff Writer


SAN FRANCISCO - Despite a class member's argument that the deal unfairly eliminates certain claims without compensation, a federal judge has given preliminary approval to a settlement between the Charles Schwab Corp. and plaintiffs who sued over investments in mortgage-backed securities.


U.S. District Judge William Alsup gave preliminary approval on Wednesday to the $235 million settlement betwee...

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