Policeman Reaching Out of Phone

Fisher Investments Unwanted Cell Phone Calls TCPA Class Action

Who is Fisher Investments, Inc.? The complaint quotes the company’s website to call it a “fee-only investment adviser serving institutional and private clients globally.” But the complaint for this class action alleges that Fisher violates the Telephone Consumer Protection Act (TCPA) by placing automated telemarketing calls to consumer cell phones, without first getting the owners’  Read more

Use of Automatic-Capable Dialer, Unsolicited Cell Phone Calls, TCPA, Called Number on Do Not Call Registry
A TD Ameritrade Location

TD Ameritrade Prohibitions on Sales of AMC Stock Class Action

TD Ameritrade, Inc. is a broker that processes trading orders for consumers. The complaint for this class action alleges that on January 28, 2021, TD did not process orders for AMC securities, either prohibiting customers from making the trades or delaying in making them. The complaint alleges breaches of contract and of the implied covenant  Read more

Trading Orders, Investments, Brokerage, Breach of Contract
Graph of Investment Results

Syndicated Conservation Easement Tax Strategy Rejected by IRS RICO Class Action

The Internal Revenue Service (IRS) allows some conservation easements to be considered a noncash charitable contribution deduction, which can have substantial tax benefits for certain individuals. However, the easements must be placed on the property in strict compliance with the terms set by the IRS. The complaint for this class action brings suit against a  Read more

RICO, Investments
Tax Advantages, RICO laws, Investments, Fraud
Tall Building with BNY Mellon Sign at Top

BNY Mellon Discretionary Investments Violated Agreements Class Action

BNY Mellon, NA is a subsidiary of the Bank of New York Mellon Corporation which has a wealth management division. Customers for this division may entrust funds to the bank and rely on the bank “to invest those funds at the Bank’s prudent discretion.” The bank has full investment authority over those funds. However, the  Read more

Your Bank, Investments, Discretionary Trading in Account, Breach of Fiduciary Duty
Front of Court Building with Word "Court"

EquiAlt $170 Million Ponzi Scheme California Class Action

“This case arises from $170 million Ponzi scheme operated by EquiAlt, LLC[,]”the complaint for this class action says in its opening line. According to the complaint, EquiAlt claims to use investor funds to buy distressed real estate and promised eight to ten percent profit with very little risk. However, the complaint claims that the promises  Read more

Securities Frauds, Ponzi Scheme, Offering or Sale of Unregistered Securities, Investments, Investment Losses, Fraud
Schwab Charitable Fund Logo

Schwab DAF Charitable Fund Breach of Fiduciary Duties Class Action

This class action involves the Schwab donor-advised fund (DAF), a charitable entity that is part of the Schwab Charitable Fund. The complaint alleges that Schwab Charitable, the Schwab Board of Directors, and the Schwab Charitable Investment Oversight Committee have breached their fiduciary duties to the Schwab DAF, in violation of common law as well as  Read more

Investment Performance, Excessive Fees, Charitable Organization or Foundation or Similar, Breach of Fiduciary Duty
Nvidia Logo Drawn in Green Lights

Nvidia 401(k) Plan Breach of Fiduciary Duties Class Action

Companies appoint various parties to manage and be responsible for the 401(k) plans for their employees. These people act as fiduciaries and are required under the Employee Retirement Income and Security Act of 1974 (ERISA) to carry out the fiduciary duties of loyalty and prudence. In this class action, the complaint claims that fiduciaries of  Read more

Retirement Plans, Retirement Plan Mismanagement, ERISA Violations, Employment Violations, Breach of Fiduciary Duty
Facade of Ornate Building with Word "Court"

EquiAlt Real Estate Securities Ponzi Scheme Class Action

The sales agents were unlicensed, the securities were unregistered, the investors were not accredited, and the investors’ money did not go where they thought it would go: This was EquiAlt and its Ponzi scheme, says the complaint for this class action. The first defendant is Paul Wassgren, who was a partner, at different times, at  Read more

Securities Frauds, Securities, Ponzi Scheme, Offering or Sale of Unregistered Securities
A WeWork Space

WeWork Investors Claim Company Misled Them Class Action

The fall of the We Company, also known as WeWork, was described as “one of the most spectacular flameouts in recent corporate history.” Its company valuation fell by 90% in a single year. This class action claims that WeWork misled the public about the company’s actions and intentions, violating the California Corporations Code.  Read more

Stock Losses, Securities, False or Misleading Information
Two Smartphones with Robinhood Name and Feather Logo

Robinhood Trading Systems Fail in Volatile Market Class Action

In recent months, the stock market has been very volatile, plunging downwards and shooting up again in connection with the coronavirus pandemic. Investors must make decisions—and trades—quickly. The complaint for this class action alleges that services for online trading firm Robinhood failed at important times, leaving investors unable to buy or sell securities for their  Read more

Investments, Investment Losses, Electronic/Computer System Failure