Schwab Yieldplus Fund Opt Out Deadline Nears
As notified by a Globe Newswire release on December 15, 2010, all Schwab YieldPlus Fund class members have less than thirty (30) days to opt out of the court approved class action settlement. If you do nothing, you will be bound by the terms of the settlement including releasing Schwab for any claims that you have prohibiting you from bringing your own claim for damages resulting from owing these Schwab YieldPlus Fund shares.
The United States District Court in San Francisco has sent a supplemental notice to persons who may have held Schwab YieldPlus fund shares on September 1, 2006 and acquired additional shares between May 31, 2006 and March 17, 2008, through purchase of shares or dividend investment in the fund and, who were not California residents on September 1, 2006. This notice was sent only to affected members of the class and offers yet another opportunity for them to opt out of the class action.
Contact our securities law firm immediately at 1-800-259-9010 to discuss your options and have a confidential, no obligation consultation regarding the losses you suffered.