SOURCE: Holzer Holzer & Fistel, LLC

March 24, 2008 10:35 ET

Holzer Holzer & Fistel, LLC Announces Shareholder Class Action Has Been Filed Against the Charles Schwab Corporation

ATLANTA, GA--(Marketwire - March 24, 2008) - A shareholder class action lawsuit has been filed in the United States District Court for the Northern District of California against Charles Schwab Corporation ("Charles Schwab" or the "Company") (NASDAQ: SCHW) and various individuals on behalf of purchasers of Schwab YieldPlus Funds Investor Shares (NASDAQ: SWYSX) and Schwab YieldPlus Funds Select Shares (NASDAQ: SWYPX) (the "Funds") who purchased the Funds between March 17, 2005 and March 18, 2008 (the "Relevant Period").

The lawsuit alleges the Company issued false and misleading statements to the public which overstated the level of diversification in the Funds and understated the actual risk relating to sub-prime mortgage backed and related securities. The lawsuit also alleges the Company misrepresented and omitted material information from its registration statements and prospectuses filed with the Securities Exchange Commission as to the Funds' levels of diversity and risk.

Purchasers of either Schwab YieldPlus Funds Investor Shares or Schwab YieldPlus Funds Select Shares with questions concerning their legal rights are invited to contact Holzer Holzer & Fistel, LLC and its attorneys Corey D. Holzer, Esq., Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at,, or, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.