Fidelity Blasted At Trial For 'Blindly Dumping' Donated Shares

By Hannah Albarazi · October 19, 2020, 10:47 PM EDT

Fidelity Investments' charitable giving arm made false promises to philanthropists to secure their donation of stock and then exhibited "gross incompetence" by "blindly dumping" the shares, a California federal magistrate judge...

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Case Information

Case Title

Fairbairn et al v. Fidelity Investments Charitable Gift Fund

Case Number

3:18-cv-04881

Court

California Northern

Nature of Suit

Other Fraud

Date Filed

August 10, 2018