Infotopia (fka IFTA)

[thepennyking]

GLRS Files Class Action Lawsuit against THE CHARLES SCHWAB CORPORATION, U.S. TRUST CORPORATION, N.A. and its EXCELSIOR FAMILY OF MUTUAL FUNDS

NEW YORK (BUSINESS WIRE) – December 4, 2003 - Goodkind Labaton Rudoff & Sucharow LLP filed a class action lawsuit on December 4, 2003 in the United States District Court for the Southern District of New York, on behalf of persons who purchased or otherwise acquired publicly traded securities of The Charles Schwab Corporation, U.S. Trust Corporation, N.A. and its Excelsior Family of Mutual Funds ("Schwab" or the "Company") (NYSE: SCH) between November 23, 1998 and November 14, 2003, inclusive, (the "Class Period").

If you are a member of this class you can view a copy of the complaint and join this class action online.

The complaint alleges that the Excelsior Funds, run by U.S. Trust Corporation N.A., engaged in fraudulent and illegal schemes that enabled certain favored investors to reap millions of dollars in profits at the expense of Excelsior fund investors through secret and after hours trading and timed trading. In exchange for allowing and facilitating this improper conduct, the defendants received substantial fees and other renumeration to the detriment of the plaintiff.

Plaintiffs are represented by the law firm of Goodkind Labaton Rudoff & Sucharow LLP of New York, New York and Ft. Lauderdale, Florida. Goodkind Labaton is a pioneer in the field of investor protection, with forty years experience litigating securities class actions in courts throughout the country. Goodkind Labaton has over 50 attorneys in two offices and maintains an in-house staff of finance and accounting specialists. Goodkind Labaton also has extensive trial experience and, most recently, concluded a class action trial resulting in a landmark $185 million verdict for the plaintiff class.

If you bought Excelsior securities between November 23, 1998 and November 14, 2003, inclusive, you may qualify to serve as Lead Plaintiff. Lead Plaintiff papers must be filed with the court no later than January 20, 2004. If you would like to consider serving as lead plaintiff or have any questions about the lawsuit, please contact one of our representatives at [e-mail] or Christopher Keller, Esq. at 800-321-0476.


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CONTACTS

Jonathan M. Plasse
Attorney
Goodkind Labaton Rudoff & Sucharow LLP
100 Park Avenue
12th Floor
NewYork, NY 10017-5563
[e-mail]
[phone]
[phone] fax


Christopher J. Keller
Attorney
Goodkind Labaton Rudoff & Sucharow LLP
100 Park Avenue
12th Floor
NewYork, NY 10017-5563
[e-mail]
[phone]
[phone] fax