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The Charles Schwab Corporation

Case Summary

The Charles Schwab Corporation Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 09/05/2019 (Date of last review)

Filing Date: July 13, 2016

According to the law firm press release, the Charles Schwab Corporation provides online brokerage services to retail investors, and the Complaint alleges that Defendants made materially false and misleading statements and/or omitted adverse facts about routing of its clients’ trades.

On November 2, 2016, the Court appointed Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended complaint on January 20, 2017.

On June 12, 2017, the Court granted Defendant's Motion to Dismiss with leave to amend. An amended complaint was filed on August 14. Defendants filed a Motion to Dismiss the amended complaint on September 6. On December 5, the Court denied Defendant's Motion to Dismiss. Defendants filed a Motion to Certify the Order Denying the Motion to Dismiss the second amended complaint on December 21. On January 24, 2018, the Court issued an Order denying the Motion to Certify the Order Denying the Motion to Dismiss the second amended complaint.

Company & Securities Information

Defendant: The Charles Schwab Corporation

COMPANY INFORMATION:

Sector: Financial
Industry: Investment Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SCHW
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.

First Identified Complaint

Robert Crago, et al. v. The Charles Schwab Corporation, et al.

COURT: N.D. California
DOCKET #: 16-CV-03938
JUDGE: Hon. Richard Seeborg
DATE FILED: 07/13/2016
CLASS PERIOD START: 07/13/2011
CLASS PERIOD END: 07/13/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky (Los Angeles)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violations of Federal Securities Laws 07/13/2016
2 U.S. District Court Civil Docket 07/18/2016
3 Order Granting Robert Wolfson And Frank Pino’s Motion For Appointment As Lead Plaintiff, And Denying Scott Posson’s Motion For Appointment As Lead Plaintff 11/02/2016
4 Lead Plaintiff's Notice of Voluntary Dismissal of Individual Defendants Charles R. Schwab and Walter W. Bettinger II Without Prejudice 01/20/2017

Reference Complaint

Robert Crago, et al. v. The Charles Schwab Corporation, et al.

COURT: N.D. California
DOCKET #: 16-CV-03938
JUDGE: Hon. Richard Seeborg
DATE FILED: 08/14/2017
CLASS PERIOD START: 07/13/2011
CLASS PERIOD END: 12/31/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bragar Eagel & Squire PC
  2. Glancy Prongay & Murray LLP
  3. Levi & Korsinsky, LLP
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Amended Class Action Complaint for Violations of Federal Securities Laws 01/20/2017
2 Order Granting Defendant's Motion to Dismiss with Leave to Amend 06/12/2017
3 Second Amended Class Action Complaint for Violations of Federal Securities Laws 08/14/2017
4 Order Denying Motion to Dismiss Second Amended Class Action Complaint 12/05/2017
5 Order Denying Motion to Certify Order Denying Motion to Dismiss the Second Amended Complaint 01/24/2018
6 U.S. District Court Civil Docket 09/05/2019

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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