For reprint rights or to purchase a copy of your Daily Journal photo, email jeremy@reprintpros.com for prices or call 949-702-5390.

To buy more copies, call 866-531-1492 or email subscribe@dailyjournal.com
This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Menu
  • Sign In

    • James E. Wilks, Pamela R. Wilks, JT TEN v. Charles Schwab & Co. Inc.

    Dec. 1, 2012
    Verdicts and settlements
    Sign up for Daily Journal emails
    Securities
    Breach of Fiduciary Duty
    Breach of Contract

    James E. Wilks, Pamela R. Wilks, JT TEN v. Charles Schwab & Co. Inc.

    Published: Dec. 1, 2012 | Result Date: Nov. 6, 2012 | Filing Date: Jan. 1, 1900 |
    Case number: 12-00461 Arbitration –  Respondent

    Court

    FINRA


    Attorneys

    Claimant

    Thomas F. Shine


    Respondent

    Garrett R. Wynne
    (Charles Schwab & Co. Inc.)

    Annie Reilly


    Facts

    Claimants brought an action against Respondent relating to a Schwab YieldPlus Fund, asserting claims for breach of contract, breach of fiduciary duty, fraud in the inducement, common law fraud pursuant to Virginia and California law, and violations of federal securities laws, FINRA rules, and the Uniform Prudent Investors Act.

    Damages

    Claimants sought $25,000 in compensatory damages. Claimants also sought $14,000 in attorney's fees and punitive damages.

    Result

    All of Claimants' claims dismissed. Award in favor of Charles Schwab & Co. Inc.


    #115305

    For reprint rights or to order a copy of your photo:

    Email jeremy@reprintpros.com for prices.
    Direct dial: 949-702-5390

    By using our website, you agree to our use of cookies in accordance with our cookie policy. You can learn more about how we use cookies by reviewing our Privacy Policy here.