MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, May 29, 2007 Court Dismisses Case Against Janus Subsidiary 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." Printed from: MFWire.com/story.asp?s=14554 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |