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Corporate

Nov. 19, 2010

Schwab Ends Class Action Dispute

On the eve of a hearing in which a federal judge was to consider whether to allow Charles Schwab Corp. to back out of a $235 million settlement, the bank and investors have negotiated a save.


By Rebecca Beyer


Daily Journal Staff Writer


SAN FRANCISCO - On the eve of a hearing in which a federal judge was to consider whether to allow Charles Schwab Corp. to back out of a $235 million settlement, the bank and investors have negotiated a save.


Investors who claimed the bank misrepresented the exent of and risks associated with its YieldPlus Fund's investment in mortage-backed securities had filed federal and state law claims agains...

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