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Charles Schwab Yield Plus Fund

We continue to represent clients who acquired shares of the Charles Schwab Yield Plus Fund, otherwise known as the “Fund”, between May 31, 2006 and March 17, 2008 and are eligible to receive a payment from a Charles Schwab Class Action Arbitration Settlement. The defendants in this case (Charles Schwab Investment Management, Inc.) allegedly committed fraud by using false and misleading statements in the registration statements issued by the YieldPlus Fund during the period between May 31, 2006 and March 17, 2008 about the investment profile and objectives of the Fund, according to the class action securities fraud settlement notice.

The defendants violated both federal and state law in registering, marketing, and selling the Fund as a stable bond fund which had “minimal” risk of a fluctuating share price. It was not safe or stable, though, because it was comprised of mortgage-backed securities and corporate finance bonds making the Fund riskier than was represented.

If clients acquired shares of the Charles Schwab YieldPlus Fund, please contact us for a no obligation consultation. You may be eligible for a cash payment from the Charles Schwab Arbitration Class Action settlement.

Client Reviews
Working with Joe was an absolute pleasure considering the unfortunate situation I was dealing with! He’s very knowledgeable and easy to communicate with. He kept me informed in all aspects of my case in a timely manner. Whenever I contacted him with a question he responded quickly. His expertise came through for me! I would highly recommend him! Joanne
I hired Joe and his firm Stoltmann Law office to represent me in a case where my investment guy had lost a substantial amount of money in my account. He invested in some very speculative energy stocks which should not have been in my portfolio due to my request for a very conservative investment portfolio. I was very impressed and satisfied with the representation and negotiations on my behalf by Joe and Stoltmann Law offices and I would definitely recommend them to anyone who would be in need of a very fine firm. Anonymous
Never having a need to file suit against anyone, let alone a major multi-national brokerage firm, I was at a loss to find a legal firm to assist me. After much searching, I found Stoltmann Law Offices, PC. They were very diligent and professional in the handling of my case and I am glad that I retained their services. I would definitely refer them to anyone seeking similar help. Donald F.