Litigation
May 7, 2010
Settlement Reached in Schwab Case
The Charles Schwab Corp., which last month agreed to pay $200 million to settle federal law claims that it misrepresented the risks associated with the YieldPlus Fund's investment in mortgage-backed securities, announced Wednesday that it would pay an additional $35 million to resolve the remaining California state law claims in the case.
Daily Journal Staff Writer
San Francisco - The Charles Schwab Corp., which last month agreed to pay $200 million to settle federal law claims that it misrepresented the risks associated with the YieldPlus Fund's investment in mortgage-backed securities, announced Wednesday that it would pay an additional $35 million to resolve the remaining California state law claims in the case. As before, the company did not admit lia...
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