Schwab Settles Fund Lawsuit For $200 Million

Schwab Settles Fund Lawsuit For $200 Million

SAN FRANCISCO – (AP) Charles Schwab will pay $200 million to resolve a federal class action lawsuit filed by investors who say the financial holding company misled them over the safety of mortgage-backed securities. If approved by the court, the settlement announced Tuesday will result in a retroactive charge that would nearly eliminate. . . . Full version available to lexis.com subscribers.