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Supreme Court taking up Janus mutual fund case

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. Get the full story »