Don't want ads? Subscribe or login now.

Fidelity Sale Of Donated Funds Was 'Nightmare,' Judge Hears

By Hannah Albarazi · October 21, 2020, 10:21 PM EDT

Fidelity Investments' charitable arm engaged in the "reckless sale" of donated stock that caused a multimillion-dollar loss in value, a philanthropist testified during a California federal bench trial Wednesday, saying the...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Case Information

Case Title

Fairbairn et al v. Fidelity Investments Charitable Gift Fund

Case Number

3:18-cv-04881

Court

California Northern

Nature of Suit

Other Fraud

Date Filed

August 10, 2018

Recent Articles By Hannah

May 11, 2023
DOJ Faces Uphill Battle After Nixed 'Varsity Blues' Convictions
March 08, 2023
White Collar Atty Confirmed As Silicon Valley's Top Prosecutor
September 21, 2022
Meet The Lawyers On Deck In NY V. Trump Biz Fraud Case
September 12, 2022
VMware Inks $8M Deal To End SEC Claim It Misled Investors
August 11, 2022
Biden's 10th Circ. Pick Seen As Humble Yet Savvy Prosecutor
July 01, 2022
The Funniest Moments Of The Supreme Court Term
May 02, 2022
Tax Law Firm Urges High Court To Shield Client Messages
February 25, 2022
How Judge Jackson Beat Out Competition For High Court Nod
February 14, 2022
'We Build The Wall' Suspect In Plea Talks As Trial Nears
December 15, 2021
Tobacco Tax Dodger Gets 14 Mos. For Laundering $3.8M