Posts Tagged ‘ Wachovia ’

A.G. Edwards…Going Somewhere?

November 9th, 2009. By LucyC

Way back in 2005, a class action lawsuit was filed against AG Edwards (now part of Wachovia), alleging that the investment company was not playing by the rules. On Friday—yes that’s over four years later—a website popped up with some information on the AG Edwards class action suit.

Just in case the details of the suit don’t come flooding back—here’s what you need to know:

What are the Allegations Against AG Edwards?

“This lawsuit is about whether A.G. Edwards breached its fiduciary duties to Plaintiffs, owners of A.G. Edwards accounts which held shares of mutual funds, and all others similarly situated, and whether, as a result of those breaches, A.G. Edwards has been unjustly enriched by receiving millions of dollars in payments from mutual fund companies whose mutual funds were held by Plaintiffs. A.G. Edwards denies these allegations and the Court has not decided whether A.G. Edwards or the Plaintiffs are correct.”

Are You In or Out?

Are you eligible to join the AG Edwards class action lawsuit?

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Tags: AG Edwards, Wachovia
Posted in Class Action, Financial | 30 Comments »

Week Adjourned: 9.18.09

September 18th, 2009. By LucyC

Top Class Actions

Forgot their Dutch lessons? Perhaps the folks at Wachovia didn’t spring for a trip to Holland to learn how to run an auction. So if you bought Wachovia stock between March 19, 2003 and February 13, 2008 you may be interested to know that Wachovia Corporation was served with a potential class action this week. What did they do? Well, the complaint alleges that throughout the above mentioned period (the class period), Wachovia Securities and A.G. Edwards “engaged in deceptive and manipulative tactics directed at ARS investors to create the appearance of a functioning auction market.” That doesn’t sound good, never mind legal.

If you own this stock you may want to follow this one.

Top Settlements

DanActivate that Settlement! Dannon has been ordered to pay up in a class action settlement alleging misleading advertising about its Activia and DanActive yogurt products. You mean pro-biotic yogurt can’t cure everything that ails you?

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Tags: Dannon, Ruby Tuesday, Wachovia, Week Adjourned
Posted in Week Adjourned | No Comments »