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SAN FRANCISCO — Brokerage firm Charles Schwab said that it had agreed to pay $200 million to settle a federal class-action lawsuit claiming it had misled investors about the risks of a short-term-bond fund.
The payment, subject to court approval, would nearly erase the company’s first-quarter earnings, which totaled $119 million, or 10 cents a share. The company said its revised earnings would be $14 million or 1 cent a share.
