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Case Status:    SETTLED
On or around 10/25/2010 (Other)

Filing Date: January 07, 2004

On October 25, 2010, the Final Judgment and Order was signed per stipulation dated April 21, 2010.

On April 21, 2010 the Settlement was entered.

On June 9, 2009, the Proposed Stipulation and Settlement was filed.

The case is now being managed under MDL-1586, In re Mutual Funds Investment Litigation. The case was assigned to the District of Maryland by the Judicial Panel on Multidistrict Litigation on February 20, 2004

The complaint alleges that during the class period defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder. More specifically, the complaint alleges that during the class period, defendant Pottruck, as a senior executive officer of Charles Schwab, was privy to non-public information concerning its business, finances, products, markets and present and future business prospects via access to internal corporate documents, conversations and connections with other corporate officers and employees, attendance at management and Board of Directors meetings and committees thereof and via reports and other information provided to him in connection therewith. Because of his possession of such information, defendant Pottruck knew or recklessly disregarded the fact that adverse facts specified herein had not been disclosed to, and were being concealed from, the investing public. The complaint further alleges that the individual defendant participated in the drafting, preparation, and/or approval of the various public and shareholder and investor reports and other communications and was aware of, or recklessly disregarded, the misstatements contained therein and omissions, and was aware of their materially false and misleading nature.


Sector: Financial
Industry: Investment Services
Headquarters: United States


Ticker Symbol: SCH
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Connecticut
DOCKET #: 04-CV-0022
JUDGE: Hon. Warren W. Eginton
DATE FILED: 01/07/2004
CLASS PERIOD END: 11/13/2003
  1. Cauley Geller Bowman & Rudman, LLP (Boca Raton)
  2. Schatz & Nobel, P.C.
  3. Schiffrin & Barroway LLP
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
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