{"id":4516,"date":"2025-03-05T08:53:15","date_gmt":"2025-03-05T08:53:15","guid":{"rendered":"https:\/\/usatrustedlawyers.com\/blog\/charles-schwab-shareholder-loses-187m-case-against-board-over-robo-investing-program\/"},"modified":"2025-03-05T08:53:15","modified_gmt":"2025-03-05T08:53:15","slug":"charles-schwab-shareholder-loses-187m-case-against-board-over-robo-investing-program","status":"publish","type":"post","link":"https:\/\/usatrustedlawyers.com\/blog\/charles-schwab-shareholder-loses-187m-case-against-board-over-robo-investing-program\/","title":{"rendered":"Charles Schwab Shareholder Loses $187M Case Against Board Over Robo-Investing Program"},"content":{"rendered":"\n<div data-v-e97bc92c=\"\">\n<div data-v-e97bc92c=\"\">\n<p>A California federal judge dismissed a stockholder\u2019s attempt at getting Charles Schwab executives to repay the company\u2019s $187 million fine over its robo-investor program, saying the shareholder hadn\u2019t shown the executives were aware the program was misleadingly marketed as no-fee.<\/p>\n<\/div>\n<p>  <!----> <!----> <!----><\/p>\n<div data-v-e97bc92c=\"\">\n<p>U.S. District Judge Rita Lin of the Northern District of California found that despite amending the case twice, the shareholder\u2014Reynolds Family Revocable Trust\u2014hadn\u2019t sufficiently alleged that Charles Schwab directors were aware that a robo-adviser program was crafted to consistently generate revenue for the company, as if like a fee.<\/p>\n<\/div>\n<p> <!----> <!----> <!----> <!----><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A California federal judge dismissed a stockholder\u2019s attempt at getting Charles Schwab executives to repay the company\u2019s $187 million fine over its robo-investor program, saying the shareholder hadn\u2019t [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[4926,1580,294,3388,1318,1187,4927,2440,574],"class_list":["post-4516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawyers","tag-187m","tag-board","tag-case","tag-charles","tag-loses","tag-program","tag-roboinvesting","tag-schwab","tag-shareholder"],"_links":{"self":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=4516"}],"version-history":[{"count":0,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4516\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media\/4517"}],"wp:attachment":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=4516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=4516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=4516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}