Crago v. Charles Schwab & Co., Inc. et al

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Case overview

Case Number:

3:16-cv-03938

Court:

California Northern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Richard Seeborg

Firms

Companies

Sectors & Industries:

  1. February 03, 2023

    Schwab Gets Traders' 'Best Execution' Suit Sent To Arbitration

    A securities suit accusing Charles Schwab & Co. of violating its duty to get clients the "best execution" on trade orders by intentionally concealing an agreement routing trade orders through UBS Securities LLC has been sent to arbitration by a California federal judge.

  2. October 27, 2021

    Schwab Clients Denied Class Cert. In Trade Orders Suit

    A California federal judge Wednesday denied Charles Schwab clients' bid for class certification in their securities suit accusing the financial services giant of violating its duty to get them the "best execution" on trade orders by intentionally concealing an agreement routing trade orders through UBS Securities LLC.

  3. September 23, 2021

    Schwab Clients Urge Cert. Over Trades Routed Through UBS

    Charles Schwab clients urged a California federal judge Thursday to grant them class status in their securities lawsuit accusing the financial services giant of violating its duty to get them the "best execution" on trade orders by intentionally concealing an agreement routing trade orders through UBS Securities LLC.

  4. January 25, 2018

    Schwab Can't Get 9th Circ. Review In Order-Routing Suit

    Charles Schwab & Co. Inc. can't appeal to the Ninth Circuit part of a decision that allowed a proposed class action over the brokerage's trade order routing practices to proceed to discovery, a California federal judge ruled Wednesday, saying the firm hasn't given good enough reasons to get his go-ahead.

  5. October 05, 2017

    Traders Suing Schwab Bet On Strength Of New Complaint

    Traders who sued online brokerage Charles Schwab Corp. for sending their orders to be matched at UBS instead of market makers who offered better terms have told a California federal judge that their latest class action complaint is stronger than the last one and should not be dismissed.

  6. June 13, 2017

    Traders Who Used Schwab Get 3rd Crack At Fraud Suit

    A California federal court Tuesday rejected investors' allegations that Charles Schwab & Co. Inc. routed trade orders to UBS Securities LLC even when it did not offer the best value, but gave the potential class a chance to fix its lawsuit to include all the elements of fraud.

  7. March 13, 2017

    Schwab Says Securities Routing Suit Lacks Fraud, Injury

    Charles Schwab Corp. and its broker-dealer unit asked a California federal judge on Friday to dismiss a proposed class action over its practice of routing certain securities orders to UBS Securities LLC, saying the customers pressing the action paper over a lack of specific allegations with "inference, general industry commentary and anecdotes."

  8. November 02, 2016

    Glancy Prongay, Bragar Eagel Take Lead In Schwab Class Suit

    A California federal judge on Wednesday appointed Glancy Prongay & Murray LLP and Bragar Eagel & Squire PC as lead counsel in a proposed class action alleging that Charles Schwab & Co. Inc. routed certain securities orders to UBS Securities LLC rather than seeking the best possible venue.

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