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Nov. 27, 2010

Investor Puts Kink in Schwab Settlement

A Colorado man is seeking to intervene in litigation against Charles Schwab Corp. over its YieldPlus Fund to protect his right to sue under California law.


By Amy Yarbrough


Daily Journal Staff Writer


SAN FRANCISCO - In another twist to the class action against Charles Schwab Corp. over its YieldPlus Fund, a Colorado man is seeking to intervene in the litigation to protect his right to sue under California law.


Colorado investor Garfield Peate's motion to intervene, filed Tuesday, puts a potential kink in a proposed $235 million settlement between San Francisco-based Schwab and investors, who ...

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