Charles Schwab hasn't forgotten what it's like to be a small investor. That's probably why SCHW hardly faced any regulatory trouble or lawsuits in the aftermath of the credit crunch. The MBA preppies in TBTF land never knew what it means to be accountable for one's actions. This lawsuit is a rare example of a moral good in the financial services wilderness. Go Chuck!
Full disclosure: No positions in SCHW or any other financial stock at this time. I do use SCHW as my brokerage.