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Sign at GNC World Headquarters

CITIC Capital RICO Conspiracy GNC Shareholders’ Class Action

This class action is brought by minority shareholders in GNC Holdings, Inc. The complaint alleges that “a number of state-owned Chinese corporations and individuals, GNC’s Board of Directors and senior management, certain [of] GNC’s secured lenders and financial advisor” who have conspired “to enrich themselves at the expense” of other shareholders through dishonest actions that  Read more

Investments
RICO laws, Investments, Investment Losses, Fraud
Intelligent Portfolios Graphic

Charles Schwab Earnings from Intelligent Portfolios Program Class Action

Digital programs are increasingly used to automate everything. This class action brings suit against Charles Schwab Investment Advisory, Inc. over its digitized investment-advice “robo-advisor” program Schwab Intelligent Portfolios (SIP program). The complaint alleges that, while the SIP program advertises itself as being lower-cost than other programs in certain ways, it involves “self-dealing” by the company  Read more

Investments
Negligent Misrepresentation, Investments, Breach of Fiduciary Duty, Breach of Contract
Hospitality Investors Trust Name and Logo

Hospitality Investors Trust REIT Investigation

Did you lose money by following a broker’s recommendation to invest in Hospitality Investors Trust REIT? If so, you may be able to participate in a lawsuit.  We’re investigating whether brokers or financial advisors recommended this REIT to their clients, even if it was not suitable for them. A REIT is a real estate investment  Read more

Investments
Suitability Violations, Securities, Investment Losses
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

Investments
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

Investments
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

Investments
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

Investments
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

Investments
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

Investments
Retirement Plans, Retirement Plan Mismanagement, ERISA Violations, Employment Violations, Breach of Fiduciary Duty