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Personal Injury & Torts

Nov. 11, 2010

Schwab Pulls Out Of Investor Settlements

The Charles Schwab Corp.'s decision Monday to withdraw from two settlements totaling $235 million can be traced to a six-page order the judge presiding over the settlements issued last month.


By Rebecca Beyer


Daily Journal Staff Writer


SAN FRANCISCO - The Charles Schwab Corp.'s decision Monday to withdraw from settlements totaling $235 million relating to its YieldPlus Fund's investment in mortgage-backed securities can be traced to a six-page order the presiding judge in the case issued last month.


Investors had filed federal and state law claims against Schwab, alleging that the company's fund misrepresented th...

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