CClaimWatch
In litigation — no settlement yetfinance

Charles Schwab Customer Account Class Action

Last verified October 8, 2026Source: courtlistener-litigationHow ClaimWatch verifies cases

Still being litigated: the claims below are allegations, not findings, and there is no settlement, claim form or payout yet.

Where this case stands

In litigation

The case has been filed and is being fought in court. There is no settlement, no claim form and no payout yet; many class actions are dismissed or never certified.

Pending in the District Court, C.D. California (No. 2:24-cv-07344).

  1. August 28, 2024
    Case filed

What happened

A proposed class action against The Charles Schwab Corporation and affiliated TD Ameritrade entities. Based on the contract nature of suit, the case appears to concern customer brokerage or investment account agreements, possibly involving fees or account handling, though the available docket text does not detail the specific claims. The allegations are unproven and no settlement is indicated.

Do you qualify?

No settlement exists yet, so there is nothing to file and no class definition to check. If the case settles, the settlement will define exactly who qualifies — watch this case and we'll let you know.

How to file

There is no claim to file yet. If this case reaches a settlement, a claim process will open — usually with an official settlement website and a filing deadline.

Common questions

Can I file a claim in the Charles Schwab Customer Account Class Action case?
No. The case is still being litigated — there is no settlement, no claim form, and no payout. It was filed August 28, 2024 in the District Court, C.D. California (No. 2:24-cv-07344).What a class action lawsuit is →
Who are the attorneys in the Charles Schwab Customer Account Class Action?
For the plaintiffs: Justin M Tarshis (Simmons Hanly Conroy); Timothy J Burke (The Burke Law Firm); Lisa H. Fish (Rosca Scarlato LLC); Jonathan M Stein. For The Charles Schwab Corporation: Natali De Corso (Morgan, Lewis and Bockius LLP); Vanessa M. Brown (Morgan Lewis and Bockius LLP); Russell B Balikian (Gibson Dunn and Crutcher LLP); Matthew C. McDonough (Morgan Lewis and Bockius LLP). From the public court docket.

Who's involved

Plaintiffs

  • Elizabeth L. Bueno(Real Party in Interest Plaintiff)
  • David M. Morris(Consol Plaintiff)
  • Donald Saunders(Consol Plaintiff)
  • Terrance TJ McDonald(Consol Plaintiff)
  • Michael Davis(Consol Plaintiff)
  • Edward Carr
  • Rosemary Orlando
  • Mary Loughran

Defendants

  • TD Ameritrade Investment Management, LLC
  • TD Ameritrade Institutional Division
  • TD Ameritrade Clearing, Inc.
  • TD Ameritrade, Inc.
  • Charles Schwab and Co., Inc.
  • The Charles Schwab Corporation

Counsel for plaintiffs

Counsel for defendants

Other cases these firms appear in

From the public court docket, contact details as filed; not an endorsement.

Guides:What is a class action lawsuit?How class membership worksYour options as a class member

Summarised from public settlement documents; confirm terms on the official settlement website. ClaimWatch is not a law firm, and filing a claim is free.

More finance settlements

View all →
November 24, 2026finance

Brimmer v. City of Overland Special Deterrent Fees Settlement

Up to $80

February 10, 2027finance

Non-Bank ATM Surcharge Settlement

Settlement Fund will be distributed proportionally (pro rata) to each valid claimant after deductions for attorneys' fees (up to 30%), litigation costs, notice and administration costs, and service awards (up to $17,500 per class representative)

February 10, 2027finance

Visa and Mastercard ATM Access Fees Class Action Settlement

Each eligible claimant will receive a share of the net settlement fund based on the number of eligible surcharged transactions they submit.

Deadline TBDfinance

CFPB v. Tempoe LLC - Consumer Lease Settlement