Crago

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 9 ROBERT CRAGO, et al., Case No. 16-cv-03938-RS Plaintiffs, 11 v. ORDER DENYING MOTION FOR CLASS CERTIFICATION CHARLES SCHWAB & CO., INC., et al., 13 Defendants.

15 Lead Plaintiffs Robert Wolfson and Frank Pino (“Lead Plaintiffs”), together with plaintiff K. Scott Posson (collectively, “Plaintiffs”), bring this putative class action to redress alleged violations of securities law committed by defendants Charles Schwab & Co and Schwab Corp. (‘Schwab”). Plaintiffs allege that between July 13, 2011 and December 31, 2014 (the “Class Period”), Schwab routed customer orders to UBS Securities LLC (“UBS”) in a manner inconsistent with Schwab’s duty of best execution. Plaintiffs aver that Schwab made material misrepresentations by stating that it adhered to the duty of best execution and omitted key information about an agreement to route most orders to UBS for execution, without verifying that UBS was providing best…