NEW YORK, Oct. 24, 2008 (GLOBE NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes, P.A., http://www.nasd-law.com, announced today that it filed two more securities arbitration claims against Charles Schwab (NasdaqGS:SCHW - News) with the Financial Industry Regulatory Authority's (``FINRA'') Office of Dispute Resolution. The claims were filed on behalf of investors who purchased Schwab's YieldPlus Select Fund (NASDAQ:SWYSX - News) and Schwab's YieldPlus Fund (NASDAQ:SWYPX - News). Klayman & Toskes' most recent arbitration filings follow a FINRA Arbitration Award which held Charles Schwab responsible for an investor's losses in Schwab's YieldPlus Fund. In that arbitration, Case No. 07-03069, the Claimant sought to recover $667,000 which was lost in the YieldPlus Fund. The Arbitration Panel found Charles Schwab liable and awarded the Claimant $542,340 in compensatory damages. In another FINRA Arbitration Award, Case No. 07-02674, a FINRA arbitrator awarded a Claimant 100% of the losses sustained in the YieldPlus Select Fund. The arbitrator found Charles Schwab liable, and awarded the Claimant $18,425.

These FINRA Arbitration Awards clearly demonstrate that investors will most likely obtain a higher rate of recovery by bringing their claims in arbitration, as opposed to participating in a class action. In 2003, Klayman & Toskes conducted a detailed study of securities arbitration versus class action. The study concluded that investors who file a securities arbitration claim traditionally obtain an overall higher rate of recovery as opposed to participating in a class action lawsuit. To view the full results of the comparison, please visit our web-site: http://www.nasd-law.com/documents/classvr.pdf

The attorneys at the Law Firm of Klayman & Toskes are dedicated to aggressively pursuing claims on behalf of investors who have suffered significant losses. Klayman & Toskes, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.

If you lost $25,000 or more in the Charles Schwab YieldPlus Funds and you wish to discuss your legal options at no obligation, please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956, or visit us on the web at http://www.nasd-law.com.

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