An investigation for former employees of Charles Schwab Corp (NYSE:SCHW), who are current or former participants in the Charles Schwab retirement plan, over possible Breaches of Fiduciary Duty was announced.
Former employees of Charles Schwab Corp (NYSE:SCHW), who participated in the Charles Schwab retirement plan at any time since 2011, have certain options and should contact the Shareholders Foundation, Inc. at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
According to the investigation by a law firm under ERISA employees of Charles Schwab Corp (NYSE:SCHW), who are current or former participants in the Charles Schwab Corp (NYSE:SCHW
Employee Stock Ownership Plan, may be eligible to file a ERISA complaint for putting stock options at risk if they can prove their employer violated its fiduciary duty to them. More specifically, the investigation seeks to determine whether those responsible for selecting investment options for the plan selected certain mutual funds that were high-cost and underperforming
Charles Schwab Corp reported that its annual Total Revenue rose from over $6.5 billion in 2015 to over $7.64 billion in 2016 and that its Net Income increased from over $1.44 billion in 2015 to over $1.88 billion in 2016.
Shares of Charles Schwab Corp (NYSE:SCHW) grew from $22.82 per share in February 2016 to as high as $42.61 per share in late January 2017.
On February 22, 2017, NYSE:SCHW shares closed at $41.62 per share.
Those who are former employees of Charles Schwab Corp (NYSE:SCHW), who participated in the Charles Schwab retirement plan at any time since 2011, have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com