updated 12/7/2010 2:17:22 PM ET 2010-12-07T19:17:22

SAN FRANCISCO, Dec. 7, 2010 (GLOBE NEWSWIRE) -- The Law Firm of Shepherd Smith Edwards & Kantas LLP ( www.sseklaw.com ) has reopened its investigation into the filing of individual arbitration claims against Charles Schwab. Recently, the US District Court has approved a proposed amendment to the Charles Schwab Corporation Securities Litigation settlement. The Supplemental Notice of Proposed Settlement of Class Action has been delivered to qualified class members. This includes those who may have held Schwab YieldPlus Fund shares on September 1, 2006 and obtained more of them between May 31, 2006 and March 17, 2008. Shares may have either been purchased or obtained through dividend reinvestment in the Fund. Class members cannot have been residents of California on September 1, 2006.

Exclusion and Objection Deadlines: Your notice of exclusion or objection must be postmarked no later than January 14, 2011 and cannot be received after January 21, 2011. For those that decide to proceed with the class, you don't need to do anything to stay eligible.

Filing an Individual Securities Claim Against Charles Schwab

For those investors that choose to be excluded from the Charles Schwab YieldPlus class action and any related benefits, you can file your own arbitration claim against Schwab. Filing an individual claim may potentially allow a claimant to recover more than if he/she had stayed with the class action case. Our attorneys represent clients with securities fraud and other claims against many brokerage firms, including Charles Schwab.

Shepherd Smith Edwards & Kantas LLP has a team of attorneys, consultants and others with more than 100 years of combined experience in the securities industry and in securities law. Since 1990, we have represented thousands of investors nationwide to recover losses.  We have represented clients in Federal and state courts and in arbitration through the Financial Industry Regulatory Authority (FINRA), the New York Stock Exchange Inc. (NYSE), the American Arbitration Association (AAA) and in private arbitration actions. Collectively, we have represented clients in more than 1,000 matters in negotiation, mediation, arbitration and litigation. 

CONTACT:  Shepherd Smith Edwards & Kantas
          Kirk G. Smith 
            ksmith@sseklaw.com
          Sam Edwards 
            sedwards@sseklaw.com
          800-259-9010

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