Law360, New York (September 28, 2009) -- A group of defendants, including Charles Schwab & Co. Inc., Credit Suisse Securities LLC and H&R Block Financial Advisors, has asked a judge to dismiss it from a consolidated proposed securities class action alleging bankrupt Colonial BancGroup Inc. misled investors about its subprime lending practices.
In a motion filed Sept. 25 in the U.S. District Court for the Middle District of Alabama, the so-called underwriter defendants said they should be tossed from the case based...
