This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Corporate

Jan. 11, 2011

Schwab Decides Turnabout Is Fair Play

Over the summer, while the Charles Schwab Corp. was denying liability and putting the finishing touches on $235 million in settlements in a lawsuit brought by investors who claimed it invested too heavily in mortgage-backed securities, the


By Rebecca Beyer


Daily Journal Staff Writer


SAN FRANCISCO - Over the summer, while the Charles Schwab Corp. was denying liability and putting the finishing touches on $235 million in settlements in a lawsuit brought by investors who claimed it invested too heavily in mortgage-backed securities, the brokerage firm was readying its own litigation assault - against the banks that sold the securities to it.


It was an ironic change of heart: Schwa...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up