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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholder Class Action

Charles Schwab & Co. breached contract in bad faith by investing more than 25% of its assets in mortgage-backed securities and collateralized mortgage obligations, shareholders say in a class action in San Francisco Federal Court.

Shareholders say Goldman Sachs Group and its directors cost them billions of dollar by diverting and misappropriating corporate assets to manipulate and prop up the market in Auction Rate Securities before it collapsed, in Manhattan Federal Court.

Shareholders say Merrill Lynch & Co. and its directors cost them billions of dollar by diverting and misappropriating corporate assets to manipulate and prop up the market in Auction Rate Securities before it collapsed, in Manhattan Federal Court.

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