We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Schwab Plaintiffs Can't Amend State Pleadings: Judge

Law360 (May 18, 2009, 12:00 AM EDT) -- A federal judge has rejected a bid to amend certain state law-related pleadings from a putative class of plaintiffs that accuse the Charles Schwab Corp. of misrepresenting risks associated with mutual funds that bet on mortgage-backed securities.

Judge William H. Alsup's ruling Friday in the U.S. District Court for the Northern District of California came after his February dismissal of intentional interference and breach of fiduciary duty claims made under state law.

Federal claims in the case, however, are moving forward. And a state unfair competition...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.