Federated Investors, Inc. ("Federated")
Chimicles & Tikellis LLP is assisting Lead Fund Derivative Counsel in prosecuting claims on behalf of the Federated family of funds (the “Funds”), operated by Federated Investors, Inc. (NYSE:FII), and its subsidiaries and affiliates, based on allegations of “market timing” and/or “late trading” in the Funds. The claims on behalf of the Funds have been coordinated with claims on behalf of investors, as well as other claims, in the In re Mutual Funds Investment Litigation, MDL 1586, which is pending in the United States District Court for the District of Maryland and involves allegations of market timing and/or late trading in sixteen fund families.
The United States District Court for the District of Maryland upheld Fund Derivative Plaintiffs’ claims under Section 36(b) of the Investment Company Act and Lead Fund Derivative Counsel, with assistance from Chimicles & Tikellis, is currently engaged in prosecuting those claims on behalf of the Funds.
Additional information on the MDL as a whole is available here.
Please contact us if you are an investor in the Fund and would like to learn more about the cases and possibly become a named plaintiff in a derivate lawsuit filed on behalf of the Fund.
The Funds, and the symbols for the respective Funds named below, are as follows:
Adjustable Rate Securities Fund (Sym: FEUGX, FASSX)
Alabama Municipal Cash Trust (Sym: ALMXX)
American Leaders Fund, Inc. (Sym: FALDX, FALBX, FALCX, FALFX, FALKX)
Arizona Municipal Cash Trust (Sym: AZMXX)
Automated Cash Management Trust (Sym: ACCXX,ACMXX)
Automated Government Cash Reserves (Sym: AGSXX)
Automated Government Money Trust (Sym: AGMXX)
Automated Treasury Cash Reserves (Sym: ATTXX)
Bond Fund (Sym: FDBAX, FDBBX, FDBCX, ISHIX)
California Municipal Cash Trust (Sym: CALXX, CAIXX, CACXX)
California Municipal Income Fund (Sym: FCMIX, CMUIX)
Capital Appreciation Fund (Sym: FEDEX, CPABX, CPACX, CPAKX)
Capital Income Fund (Sym: CAPAX, CAPBX, CAPCX, CAPFX)
Capital Preservation Fund
Communications Technology Fund (Sym: FCTAX, FCTEX, FCTYX)
Connecticut Municipal Cash Trust (Sym: FCTXX)
Conservative Allocation Fund (Sym: FMCGX FCGSX)
Equity Income Fund, Inc. (Sym: FLEIFX, LEIBX, LEICX LFEIX)
European Equity Fund (Sym: EURAX, EURBX, EURCX)
Florida Municipal Cash Trust (Sym: FLCXX, FLMXX)
Fund for U.S. Government Securities (Sym: FUSGX, FUSBX, FUSCX)
GNMA Trust (Sym: FGMAX, FGSSX)
Georgia Municipal Cash Trust (Sym: GAMXX)
Global Equity Fund (Sym: FGEIX, FGEFX, FGEDX)
Global Value Fund (Sym: WUFAX, WUFBX, WUFCX)
Government Cash Series (Sym: CTGXX)
Government Income Securities, Inc (Sym: FGOAX, FGOBX, FGOCX FGOIX)
Government Obligations Fund (Sym: GOIXX, GOSXX, GORXX)
Government Obligations Tax-Managed Fund (Sym: GOTXX, GTSXX)
Government Ultrashort Duration Fund (Sym: FGUAX, FGUSX, FEUSX)
Growth Allocation Fund (Sym: FMGPX, FMGSX)
Growth Strategies Fund (Sym: FGSAX, FGSBX, FGSCX)
Growth Strategies Fund II
High Income Bond Fund II
High Income Bond Fund, Inc. (Sym: FHIIX, FHBBX, FHICX)
High Yield Trust (Sym: FHYTX)
Income Trust (Sym: FICMX, FITSX)
Institutional High Yield Bond Fund (Sym: FIHBX)
Intermediate Income Fund (Sym: FIIFX, INISX)
Intermediate Municipal Trust (Sym: FIMTX, FIMYX)
International Bond Fund (Sym: FTIIX, FTBBX, IFTIBX)
International Capital Appreciation Fund (Sym:IGFAX, IGFBX, IGFCX)
International Equity Fund (Sym: FTITX, FIEBX, FIECX)
International High Income Fund (Sym: IHIAX, IHIBX, IHICX)
International Small Company (Sym: ISCAX, ISCBX, ISCCX)
International Value Fund (Sym: FGFAX, FGFBX, FGFCX)
Kaufmann Fund (Sym: KAUAX, KAUBX, KAUCX, KAUFX)
Kaufmann Small Cap Fund (Sym: FKASX, FKBSX, FKCSX)
Large Cap Growth Fund (Sym: FLGAX, FLGBX, FLGCX)
Liberty U.S. Government Money Market Trust (Sym: LUGXX, LIBXX)
Limited Duration Fund (Sym: FTRLX, FTRDX, FLDIX, FLDSX)
Limited Term Fund (Sym: LTDFX, LTFSX)
Limited Term Municipal Fund (Sym: LMINX, LMFSX)
Liquid Cash Trust (Sym: LCTXX)
Managed Income Portfolio (Sym:FMIPX, FIPSX)
Market Opportunity Fund (Sym:FMAAX, FMBBX, FMRCX)
Maryland Municipal Cash (Sym: MDMXX)
Massachusetts Municipal Cash Trust (Sym:MMCXX)
Master Trust (Sym: FMTXX)
Max-Cap Index Fund (Sym: MXCCX, FISPX, FMXKX, FMXSX)
Michigan Intermediate Municipal Trust (Sym: MMIFX)
Michigan Municipal Cash Trust (Sym: MIIXX, MINXX, MIMXX)
Mid-Cap Index Fund (Sym: FMDCX)
Mini-Cap Index Fund (Sym: MNCCX, FMCPX)
Minnesota Municipal Cash Trust (Sym: MNMXX, FEMXX)
Moderate Allocation Fund (Sym: FMMGX, FMMSX)
Money Market Trust (Sym: MMTXX)
Mortgage Fund (Sym: FGFIX, FGFSX)
Muni and Stock Advantage Fund (Sym: FMUAX, FMNBX, FMUCX)
Municipal Cash Series (Sym: CMSXX, MCTXX)
Municipal Obligations Fund (Sym: MFCXX, MOFXX, MOSXX)
Municipal Opportunities Fund, Inc. (Sym: FMOAX, FMOBX, FMNCX ,FMTFX)
Municipal Securities Fund, Inc. (Sym: LMSFX,, FMSBX, LMSCX)
Municipal Ultrashort Fund (Sym: FMUUX, FMUSX)
New Jersey Municipal Cash Trust (Sym: NJMXX, NJSXX)
New York Municipal Cash Trust (Sym: NYCXX, FNTXX)
New York Municipal Income Fund (Sym: NYIFX, NYIBX)
North Carolina Municipal Cash Trust (Sym: NCMXX)
North Carolina Municipal Income Fund (Sym: NCIFX)
Ohio Municipal Cash Trust (Sym: FOHXX, OHIXX, OHTXX)
Ohio Municipal Income Fund (Sym: OMIFX)
Pennsylvania Municipal Cash Trust (Sym: PACXX, PAMXX, FPAXX)
Pennsylvania Municipal Income Fund (Sym: PAMFX, FPABX)
Prime Cash Obligations Fund (Sym: PCCXX, PCOXX, PRCXX)
Prime Cash Series (Sym: CTPXX)
Prime Money Fund II
Prime Obligations Fund (Sym: POIXX, PRSXX, POLXX)
Prime Value Obligations Fund (Sym: PVCXX, PVOXX, PVSXX)
Quality Bond Fund II
Short-Term Income Fund (Sym: FSTIX, FSISX)
Short-Term Municipal Trust (Sym: FSHIX, FSHSX)
Short-Term U.S. Government Trust (Sym: FSUXX)
Stock Trust (Sym: FSTKX)
Stock and Bond Fund, Inc. (Sym: FSTBX, FSBBX, FSBCX, FSBKX)
Strategic Income Fund (Sym: STIAX, SINBX, SINCX, STFSX)
Tax-Free Instruments Trust (Sym: TFIXX, TFSXX)
Tax-Free Obligations Fund (Sym: TBIXX, TBSXX, TBTXX)
Tax-Free Trust (Sym: FTFXX)
Total Return Bond Fund (Sym: TLRAX, TLRBX, TLRCX, FTRBX, FTRKX, FTRFX)
Total Return Government Bond Fund (Sym: FTRGX, FTGSX)
Treasury Cash Series (Sym: CTTXX, CTWXX)
Treasury Obligations Fund (Sym: TOCXX, TOIXX, TOSXX, TOTXX)
Trust for Government Cash Reserves (Sym: TGCXX)
Trust for Short-Term U.S. Government Securities (Sym: TUSXX)
Trust for U.S. Treasury Obligations (Sym: TTOXX)
U.S. Government Bond Fund (Sym: FEDBX)
U.S. Government Securities Fund: 1-3 Years (Sym: FSGVX, UFSGIX, FSGTX)
U.S. Government Securities Fund: 2-5 Years (Sym: FIGTX, FIGKX, FIGIX)
U.S. Treasury Cash Reserves (Sym: UTIXX, TISXX)
Ultrashort Bond Fund (Sym: FULAX, FULIX, FULBX)
Virginia Municipal Cash Trust (Sym: VAIXX, VACXX)