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Rating:Court Dismisses Case Against Janus Subsidiary Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, May 29, 2007

Court Dismisses Case Against Janus Subsidiary

Reported by Erin Kello

A civil suit against a wholly owned subsidiary of Janus has been dismissed. Plaintiffs had asserted that the subsidiary, Janus Capital Management, stated in their prospectuses that they "prohibited market timing in their funds while in fact they permitted certain hedge funds to engage in such trading." The case was dismissed on the grounds that the plaintiffs did not allege that the defendants "controlled, supervised or played any role in the distribution of the prospectuses." 

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