Corporate
Feb. 15, 2011
Judge Denies Intervention in Schwab Deal
A $235 million settlement between the Charles Schwab Corp. and YieldPlus Fund investors can go forward, a federal judge ruled, denying a class member's motion to intervene as a "hold-up operation."
Daily Journal Staff Writer
SAN FRANCISCO - Calling efforts to undo a $235 million settlement between the Charles Schwab Corp. and plaintiffs who sued the firm over its YieldPlus Fund's investments in mortgage-backed securities a "hold-up operation," a federal judge on Friday denied a class member's motion to intervene in the deal.
The class member, Illinois resident and real estate attorney Gary S. Benson, ob...
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