Ex-Schwab Exec Gets Claims Pared From SEC's YieldPlus Suit

Law360, Los Angeles (June 12, 2012, 9:10 PM EDT) -- A California federal judge on Tuesday trimmed a U.S. Securities and Exchange Commission suit against a former Charles Schwab Corp. YieldPlus portfolio manager, dismissing securities fraud claims based on a dozen purportedly misleading statements ahead of a July 9 jury trial.

U.S. District Judge William Alsup granted defendant Kimon Daifotis’ motion for summary judgment on securities law claims with respect to 12 of more than 60 purportedly false or misleading statements attributed to the former Charles Schwab executive, adding that two aiding and abetting charges would...
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Case Title

Securities And Exchange Commission v. Daifotis et al


Case Number

3:11-cv-00137

Court

California Northern

Nature of Suit

Securities/Commodities

Judge

William Alsup

Date Filed

January 10, 2011

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