Janus Capital Group, Inc. ("Janus")
Following a hearing on May 3, 2004, the United States District Court for the District of Maryland appointed Chimicles & Tikellis as Lead Fund Derivative Counsel for Fund Derivative claims involving allegation of “market timing” and/or “late trading” on behalf of the Janus family of funds (the “Funds”), operated by Janus Capital Group, Inc. and Janus Capital Management LLC, and subsidiaries. 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 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 Funds 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:
Janus Fund (JANSX)
Janus Enterprise Fund (JAENX)
Janus Mercury Fund (JAMRX)
Janus Olympus Fund (JAOLX)
Janus Global Technology Fund (JAGTX)
Janus Orion Fund (JORNX)
Janus Twenty Fund (JAVLX)
Janus Venture Fund (JAVTX)
Janus Global Life Sciences Fund (JAGLX)
Janus Global Value Fund (JGVAX)
Janus Overseas Fund (JAOSX)
Janus Worldwide Fund (JAWWX)
Janus Balanced Fund (JABAX)
Janus Core Equity Fund (JAEIX)
Janus Growth and Income Fund (JAGIX)
Janus Special Equity Fund (JSVAX)
Janus Risk-Managed Stock Fund (JRMSX)
Janus Mid Cap Value Fund (JMCVX, JMIVX)
Janus Small CapValue Fund (JSCVX, JSIVX)
Janus Federal Tax-Exempt Fund (JATEX)
Janus Flexible Income Fund (JAFIX)
Janus High-Yield Fund (JAHYX)
Janus Short-Term Bond Fund (JASBX)
Janus Money Market Fund (JAMXX)
Janus Government Money Market Fund (JAGXX)
Janus Tax-Exempt Money Market Fund (JATXX)