Fidelity Sale Of Donated Funds Was 'Nightmare,' Judge Hears

By Hannah Albarazi · October 21, 2020, 10:21 PM EDT

Fidelity Investments' charitable arm engaged in the "reckless sale" of donated stock that caused a multimillion-dollar loss in value, a philanthropist testified during a California federal bench trial Wednesday, saying the...

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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