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Settlement Reached in Case Against Schwab and its YieldPlus Fund

Thursday, April 29, 2010 - 7:14 AM
From the Los Angeles Times:
Charles Schwab Corp. agreed last week to pay $200 million to settle a class-action lawsuit stemming from brutal mortgage-related losses in its once-popular YieldPlus bond fund.
This YieldPlus bond fund had been advertised as a safe but high-yielding alternative to money market funds.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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