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Litigation

May 7, 2013

After federal setback, Charles Schwab Corp. sues financial institutions in state court

Attorneys representing Charles Schwab Corp. sued several financial institutions in San Francisco County Superior Court last week, alleging they conspired to fix benchmark interest rates.


By Saul Sugarman


Daily Journal Staff Writer


SAN FRANCISCO - Attorneys representing Charles Schwab Corp. sued several financial institutions in San Francisco County Superior Court last week, alleging they conspired to fix benchmark interest rates in ways that lost Charles Schwab and its affiliates millions of dollars.


The lawsuit is an encore to a New York federal class action that was gutted in March when U.S. District Judge Naomi R. Buchwald...

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