Wolf Popper and Greenbaum Rowe Report on Class Action Concerning the Schwab Total Bond Market Fund ("SWLBX")

SAN FRANCISCO, Aug. 20 /PRNewswire/ -- Wolf Popper LLP and Greenbaum Rowe Smith & Davis LLP, co-lead counsel for the named plaintiff in Northstar Investment Advisor Inc. v. Schwab Investments, 08 cv 4119 (N.D. Cal.), invite interested shareholders in the Schwab Total Bond Market Fund (symbol:  SWLBX) to contact Robert Finkel (212-451-9620) or Marc Gross (973-577-1810) to discuss the status of the action.  The Northstar complaint alleges that defendants deviated from the Fund's stated investment policy to track the Lehman Brothers U.S. Aggregate Bond Index by investing in high-risk non-U.S. agency collateralized mortgage obligations, rather than the conservative debt instruments that were part of the Index.  On August 12, 2010, the Ninth Circuit granted defendants' appeal seeking to dismiss plaintiff's claim under the Investment Company Act of 1940.  Other state law claims remain in the action and are being aggressively prosecuted by co-lead counsel.

SOURCE Wolf Popper LLP

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