The Charles Schwab Corporation ("Schwab" or the Company), headquartered in San Francisco, CA, provides brokerage services to retail investors.

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. Specifically, the Complaint alleges that during the class period, Defendant Pottruck, as a senior executive officer of 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.

The case was then 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.

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

On April 21, 2010 the Settlement was entered.

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