The U.S. Supreme Court on Monday agreed to review a lower court ruling that revived a securities class-action lawsuit against Janus Capital Group Inc. (JNS).
Plaintiffs sued Janus in 2003 after the company’s shares dropped amid allegations that it and other mutual-fund companies allowed sophisticated traders to rapidly trade in and out of their funds at the expense of long-term shareholders.
Janus, which settled with federal and state regulators in 2004, argued the securities lawsuit had major legal shortcomings and should be dismissed.
The case is Janus Capital Group v. First Derivative Traders, 09-525.
The court will take up the case in its next term, which begins Oct. 4.
I CANNOT LOCATE MY JANUS MUTAL FUNDS STATEMENTS. IS THERE ANY WAY I CAN GET IT FROM THE COMPANY.? I RECEIVED A POSTAL CARD OF A COURT ORDERED LEGAL NOTICE. THE ACCOUNT IS UNDER :VINNIE BENEDETTO & ROBERT BENEDETTO & CARL. MINEOLA NY 11501
CAN I OPEN MY ACCOUNT ON THE COMPUTER? IF SO HOW.