Litigation
Nov. 20, 2010
$235 Million Schwab Investor Settlement Faces Additional Scrutiny
A federal judge on Thursday questioned whether a last-minute save of a $235 million settlement between the Charles Schwab Corp. and plaintiffs who sued the bank over its YieldPlus Fund’s investment in mortgage-backed securities is in the best interest of the plaintiffs.
Daily Journal Staff Writer
SAN FRANCISCO - A federal judge on Thursday questioned whether a last-minute save of a $235 million settlement between the Charles Schwab Corp. and plaintiffs who sued the bank over its YieldPlus Fund's investment in mortgage-backed securities is in the best interest of the plaintiffs.
The settlement almost fell apart after an apparent misunderstanding between the parties. Investors had filed a c...
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