November 2, 2016 Bragar Eagel & Squire, P.C. announces that it was appointed C0-Lead Counsel in Crago v. Charles Schwab & Co., Inc., Case No. 16-cv-03938-RS, United States District Court for the Northern District of California. Plaintiff commenced this action on behalf of all clients of Charles Schwab & Co., Inc. (“Schwab”) between July 13, 2011 and July 13, 2016 who placed trade orders that were automatically routed to UBS Securities LLC (“UBS”). Plaintiff alleges that Schwab violated federal securities laws by failing to comply with its “duty of best execution” to execute its clients’ orders in a manner that is most beneficial to its clients. Instead, Schwab routed substantially all of its clients’ orders to UBS, regardless of the benefits to its clients. Plaintiff alleges that Schwab and defendants made materially false and misleading statements and/or omitted adverse facts about the manner in which Schwab routes trades for its clients.
For additional information, please contact Melissa Fortunato, Esq., at (212) 308-1869.
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