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Thursday, May 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholder Class Action

Officers of National City Corp. issued misleading press releases about the company's exposure to subprime real estate losses, while dumping their own shares for more then $31 million at inflated prices, shareholders claim in Cuyahoga County Court, Cleveland.

Shareholders claim Charles Schwab & Co. defrauded them by omitting material facts that would show that Schwab's funds' assets were artificially inflated, in San Francisco Federal Court.

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