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YieldPlus investors seeking nearly $900M in damages from Schwab

Online brokerage also facing a welter of arbitration claims over bond fund implosion

The Charles Schwab Corp. faces 194 individual arbitration claims seeking $34 million in damages over its YieldPlus bond fund, the company disclosed today in an earnings release. Moreover, Schwab said plaintiffs in class-action suits over the fund are seeking as much as $890 million in damages.
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