Wachovia’s Evergreen Ultra-Short Opportunities Fund has dropped 20% this year as a result of heavy investments in risky mortgage-backed securities. Managers of the mutual fund failed to disclose the full extent of the risks investors were exposed to, and those who lost over $10,000 may be able to recover their… Read more.
The value of Schwab YieldPlus Select Fund Shares fell another 4% over the last month, and the bond fund has tumbled nearly 35% from where it was at the beginning of last year. For an investment that was promoted as an alternative to cash or money markets, designed to provide… Read more.
Following the recent collapse of share prices for the Schawb Yield Plus Fund, many investors are exploring their legal options to recover money they lost. The lawyers at Saiontz & Kirk, P.A. represent investors who are pursuing individual claims against Charles Schwab for failing to properly disclose the nature of… Read more.
The Wall Street Journal is reporting that Charles Schwab is attempting to offer only pennies on the dollar to settle Schwab YieldPlus lawsuits being pursued by investors who lost money as a result of their investment in the bond fund. The lawyers at Saiontz & Kirk, P.A. are pursuing financial… Read more.
Although it was promoted and sold as a safe alternative to cash or money market accounts, the Schwab YieldPlus bond fund has lost 25% of its value since the beginning of this year. Heavy investments in risky mortgage-backed securities have lead to substantial losses for investors. While other bond funds… Read more.
Following the financial collapse of one of the largest investment banks, many investors are pursuing Bear Stearns lawsuits to recover losses caused by fraudulent misrepresentations made by the company. As Bear Stearns stock prices fell amid concerns that the bank may fail, false statements were made to mislead investors about… Read more.
The Schwab YieldPlus Select Fund (SWYSX), which is one of the largest bond funds for Charles Schwab Corp., has lost 80% of its assets over the past year. Many investors placed their money in this fund as an alternative to a money market, and they have suffered substantial losses as… Read more.
Investors in Charles Schwab YieldPlus Funds may be entitled to recover some of the losses which have been suffered in recent months. False and misleading statements were made about the funds lack of diversification and the extent of the investment in risky sub-prime mortgage securities. A Charles Schwab class action… Read more.
Following the sudden demise of Bear Stearns Cos., many investors are left holding shares that are worth about 90% less than the market value last week. Although the stock had been falling for a few weeks, statements made by CEO Alan Schwartz less than five days ago provided false reassurance… Read more.
The financial fraud lawyers at Saiontz & Kirk, P.A. are reviewing potential auction rate securities lawsuits for investors who have suffered damages as a result of “failed” auctions which have now essentially frozen their funds. Although these investments were marketed by many brokerage firms as very safe investments which were… Read more.
