Litigation
Apr. 5, 2012
Schwab fights to keep class-action waivers in customer agreements
A federal judge must decide which of two federal statutes should apply to Charles Schwab & Co.'s efforts to ban class actions in arbitration agreements with its customers.
Daily Journal Staff Writer
SAN FRANCISCO - In a dispute between San Francisco brokerage Charles Schwab & Co. and the association that regulates the securities markets, a federal judge must decide which of two federal statutes should apply to Schwab's efforts to ban class actions in arbitration agreements with its customers.
U.S. Magistrate Judge Elizabeth D. Laporte Tuesday considered arguments on the conflict between t...
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