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On July 5, 2024, a federal judge granted Ameriprise Financial, Inc.’s (“Ameriprise’s”) request for a temporary restraining order against LPL after two former Ameriprise brokers joined LPL and allegedly used confidential client information to improperly solicit their former clients to switch firms. Following this news, the price of LPL Financial shares declined on July 5, 2024 to close at $272.52 on July 8, 2024.
In order to be eligible to join the LPLA class action lawsuit, you must have incurred a loss on shares of LPL Financial purchased during the class period listed above.
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