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December 11, 2009

Court grants certification in Uniform Securities Act class action

On Dec. 9, 2009, the U.S. District Court for the District of South Carolina certified a class of investors who allege that Charles Schwab & Co. Inc. materially aided convicted Ponzi schemer Albert Parish in the sale of illegal securities and other violations of the South Carolina Uniform Securities Act of 2005. The Court appointed Motley Rice securities fraud attorneys, Bill Narwold and Badge Humphries, as class counsel along with co-counsel James Griffin and Richard A. Harpootlian.

Read more about the securities class action against Charles Schwab and Co.

Read more about litigation involving securities fraud, shareholder rights campaigns, and direct and derivative shareholder actions.