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Securities

Apr. 10, 2010

Schwab Shareholders Win Round

Clearing the way for trial, a federal judge has ruled against The Charles Schwab Corp. again in a class action lawsuit that accuses the company of misrepresenting the extent of one of its funds' investments in mortgage-backed securities.

By Rebecca Beyer

Daily Journal Staff Writer

SAN FRANCISCO - Clearing the way for trial, a federal judge has ruled against The Charles Schwab Corp. again in a class action lawsuit that accuses the company of misrepresenting the extent of one of its funds' investments in mortgage-backed securities.

U.S. District Judge William Alsup Thursday rejected the San Francisco-based company's arguments that it adequately disclosed...

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