Shareholder Alert: Securities Class Action Filed on Behalf of Purchasers of the Schwab...

Shareholder Alert: Securities Class Action Filed on Behalf of Purchasers of
the Schwab YieldPlus Fund Investor Shares and Schwab YieldPlus Fund Select
Shares by the Law Firm of Schiffrin Barroway Topaz & Kessler, LLP

RADNOR, Pa., April 17 /PRNewswire/ -- The following statement was issued
today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP:
Notice is hereby given that a class action lawsuit was filed in the United
States District Court for the District of Massachusetts on behalf of all
purchasers of the Schwab YieldPlus Fund Investor Shares (Nasdaq: SWYPX) and
the Schwab YieldPlus Fund Select Shares (Nasdaq: SWYSX) ("the Funds") during
the period March 17, 2005 through March 17, 2008, inclusive (the "Class
Period").
If you wish to discuss this action or have any questions concerning this
notice or your rights or interests with respect to these matters, please
contact Schiffrin Barroway Topaz & Kessler, LLP (Darren J. Check, Esq. or
Richard A. Maniskas, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or
via e-mail at info@sbtklaw.com.
The Complaint charges The Charles Schwab Corporation and certain of its
related subsidiaries, among others, with violations of the Securities Act of
1933. The Charles Schwab Corporation provides a variety of financial services
to individual investors, independent investment managers, retirement plans and
institutions.
More specifically, the Complaint alleges that, in connection with the
Funds' Registration Statement, defendants failed to disclose or indicate the
following: (1) that the Funds' assets were or would be overly-concentrated in
the highly risky mortgage industry and that such securities were or would be
highly vulnerable to illiquidity; (2) that there existed no primary market for
the majority of the bonds; (3) that the duration for a majority of the Funds
is over two years; (4) that the values of the Funds' shares were inflated and
highly speculative given their composition; (5) that there were not adequate
internal controls; and (6) that, as a result of the foregoing, the Funds'
Registration Statements were false and misleading at all relevant times.
Plaintiff seeks to recover damages on behalf of class members and is
represented by the law firm of Schiffrin Barroway Topaz & Kessler which
prosecutes class actions in both state and federal courts throughout the
country. Schiffrin Barroway Topaz & Kessler is a driving force behind
corporate governance reform, and has recovered billions of dollars on behalf
of institutional and individual investors from the United States and around
the world.
For more information about Schiffrin Barroway Topaz & Kessler or to sign
up to participate in this action online, please visit http://www.sbtklaw.com
If you are a member of the class described above, you may, not later than
May 19, 2008, move the Court to serve as lead plaintiff of the class, if you
so choose. A lead plaintiff is a representative party that acts on behalf of
other class members in directing the litigation. In order to be appointed
lead plaintiff, the Court must determine that the class member's claim is
typical of the claims of other class members, and that the class member will
adequately represent the class. Your ability to share in any recovery is not,
however, affected by the decision whether or not to serve as a lead plaintiff.
Any member of the purported class may move the court to serve as lead
plaintiff through counsel of their choice, or may choose to do nothing and
remain an absent class member.
CONTACT: Schiffrin Barroway Topaz & Kessler, LLP
Darren J. Check, Esq.
Richard A. Maniskas, Esq.
280 King of Prussia Road
Radnor, PA 19087
1-888-299-7706 (toll free) or 1-610-667-7706
Or by e-mail at info@sbtklaw.com

SOURCE Schiffrin Barroway Topaz & Kessler, LLP

Darren J. Check, Esq. or Richard A. Maniskas, Esq., +1-888-299-7706, or
+1-610-667-7706, info@sbtklaw.com, both of Schiffrin Barroway Topaz & Kessler,
LLP