An ETrade (EGRP) customer who says she lost money during the online broker's series of service failures has filed a class action lawsuit.
The suit seeks redress for all ETrade customers affected by four separate service outages during the first week of February. On one occasion, ETrade customers could not execute stock trades for three hours.
"As a result of this virtual lockout, class members lost potentially millions of dollars," read the complaint, filed on behalf of Coleen Divito in the Santa Clara County Superior Court in California.
The first scheduled court date is 15 June.
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CNET printing money: Online publisher CNET reported a fourth-quarter profit that was substantially better than Wall Street expected on higher traffic and advertising revenue.
The publisher of News.com also said it will split its stock two-for-one on 8 March, with the stock dividend going to shareholders of record as of 22 February.
After the market closed, CNET (CNET) said profit from operations was US$3.3 million, or 18 cents a share, compared with a loss of $10.7 million, or 76 cents a share, in the same quarter last year.
Wall Street had expected CNET to report profit from operations of 11 cents a share, according to Zacks Investment Research.
Strong traffic to its site helped boost revenue from both advertising and e-commerce. Revenue for the fourth quarter jumped to $19.2 million, an increase of 86 percent over the $10.3 million of the prior year.
