Linqto, Inc. announced it continues to pursue litigation against Forge Global, Inc. and its owner, The Charles Schwab Corporation, seeking full monetary damages for harms caused to its more than 13,000 customers, as well as repayment of all legal fees connected to the case. The company is also pursuing alternative risk mitigation strategies to exit bankruptcy as quickly as possible should Forge continue to refuse to perform as agreed. Linqto was forced to take these actions after Forge, under instructions from Schwab, broke its contractual commitment on July 15, 2026, to serve as trustee for the Liquidating Trust as part of the confirmed Plan of Reorganization, just days before Linqto was to exit bankruptcy. This action caused significant and immediate harm to customers already materially harmed by prior management's fraudulent actions that led to the Chapter 11 filing in July 2025. The securities to be transferred for the benefit of Linqto's customers remain safe, and their value has increased from $657 million in June 2025 to $1.3 billion in May 2026.
Charles Schwab CorpLinqto is suing Forge and Schwab for breach of contractual commitment, seeking damages.
Linqto is pursuing litigation to recover damages and exit bankruptcy, with customer securities value increased.
