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Corporate & Securities Law

: FinancialCounsel

Schwab Reportedly Offering To Settle Loss Claims Of YieldPlus Fund Investors

By James Eccleston

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Charles Schwab's YieldPlus mutual funds are in the news again.  This time, it is reported by attorneys that Schwab has called clients who have filed arbitration actions as well as others associated with a class action lawsuit against the company regarding YieldPlus.

According to the attorneys, the purpose of the calls is to suggest to customers that they settle with Schwab over YieldPlus losses.  That fund plummeted in recent months. 

Attorneys say that the settlements are anywhere from five to 12 cents on the dollar of losses.  Whether or not this is true, investors need to carefully consider any settlement options before moving forward with a settlement.

Attorneys at SNSFE continue to investigate claims of YieldPlus investors.

Full post as published by FinancialCounsel on April 28, 2008 (boomark / email).

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