Massachusetts Financial Services Company ("MFS")

Practice: 
Securities Fraud & Shareholder Litigation
Phase: 
Current

Chimicles & Tikellis LLP is assisting Lead Fund Derivative Counsel in prosecuting claims on behalf of the MFS family of funds (the “Funds”), operated by Massachusetts Financial Services Company (d/b/a “MFS Investment Management”) (“MFS Company”), a subsidiary of Sun Life Financial Inc. (“Sun Life”), 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

MFS Capital Opportunities Fund (Sym: MCOFX, MCOBX, MCOCX, MFCRX, MCOTX, EACOX, EBCOX, ECCOX, MCOIX)
MFS Core Growth Fund (Sym: MFCAX, MFCBX, MFCCX, MCFRX, MCRRX, MFCIX)
MFS Emerging Growth Fund(Sym:MEGRX, MEGBX, MFECX,MFERX, MEGRX, EAGRX, EBEGX, ECEGX, MFEGX, MFEIX)
MFS Growth Opportunities Fund (Sym: MGOFX, MGOBX
MFS Large Cap Growth Fund (Sym: MCGAX, MCGBX)
MFS Managed Sectors Fund (Sym: MMNSX, MSEBX, MMNCX)
MFS Mid Cap Growth Fund (Sym: OTCAX, OTCBX, OTCCX, MMCRX, MCPRX, EAMCX, EBCGX, ECGRX, OTCIX)
MFS New Discovery Fund (Sym: MNDAX, MNDBX, MNDCX, MFNRX, MNDRX, EANDX, EBNDX, ECNDX, MNDIX)
MFS New Endeavor Fund (Sym: MECAX, MECBX, MECCX, MNERX, MENRX, MECIX)
MFS Research Fund (Sym: MFRFX, MFRBX, MFRCX, MFRRX, MSRRX, EARFX, EBRFX, ECRFX)
MFS Strategic Growth Fund (Sym: MFSGX, MSBGX, MFGCX, MSGRX, MSTRX, EASGX, EBSGX, ECSGX, MSGIX)
MFS Technology Fund (Sym: MTCAX, MTCBX, MTCCX, MTQRX, MTERX, MTCIX)
Massachusetts Investors Growth Stock(Sym:MIGFX, MIGBX, MIGDX,MIGRX, MIRGX, EISTX, EMIVX, EMICX, MGTIX)
MFS Mid Cap Value Fund (Sym: MVCAX, MCBVX, MVCCX, MMVRX, MCVRX, EACVX, EBCVX, ECCVX, MCVIX)
MFS Research Growth and Income Fund (Sym: MRGAX, MRGBX, MRGCX, MGIRX, RERX, MRGRX)
MFS Strategic Value Fund(Sym: MSVTX, MSVCX, MQSVX, MSVRX, MVSRX, EASVX, EBSVX, ECSVX, MSVLX, MISVX)
MFS Total Return Fund (Sym: MSFRX, MTRBX, MTRCX, MFTRX, MTRRX, EATRX, EBTRX, ECTRX, MTRIX)
MFS Union Standard Equity Fund (Sym: MUEAX, MUSBX, MUECX, MUSEX)
MFS Utilities Fund (Sym: MMUFX, MMUBX, MMUCX, MMURX, MURRX, MMUIX)
MFS Value Fund (Sym: MEIAX, MFEBX, MEICX, MFVRX, MVRRX, EAVLX, EBVLX, ECVLX, MEIIX)
Massachusetts Investors Trust (Sym: MITTX, MITBX, MITCX, MITRX, MIRTX, EAMTX, EBMTX, ECITX, MITIX)
MFS AggressiveGrowthAllocationFund(Sym:MAAGX,MBAGX,MCAGX,MAARX,MAWAX,EAGTX, EBAAX,ECAAX, MIAGX)
MFS Conservative Allocation Fund (Sym: MACFX, MACBX, MACVX, MACRX, MCARX, ECLAX, EBCAX, ECACX, MACIX)
MFS Growth Allocation Fund (Sym: MAGWX, MBGWX, MCGWX, MGARX, MGALX, EAGWX, EBGWX, ECGWX, MGWIX)
MFS Moderate Allocation Fund (Sym: MAMAX, MMABX, MMACX, MAMRX, MARRX, MAMDX, EBMDX, ECMAX, MMAIX)
MFS Bond Fund (Sym: MFBFX, MFBBX, MFBCX, MFBRX, MBRRX, EABDX, EBBDX, ECBDX, MBDIX)
MFS Emerging Markets Debt Fund (Sym: MEDAX, MEDBX, MEDCX, MEDIX)
MFS Government Limited Maturity Fund (Sym: MGLFX, MGLBX, MGLCX)
MFS Government Mortgage Fund (Sym: MGMTX, MGTBX, MGMIX)
MFS Government Securities Fund (Sym: MFGSX, MFGBX, MFGDX, MGSRX, MGVSX, EAGSX, EBGSX, ECGSX)
MFS High Income Fund (Sym: MHITX, MHIBX, MHICX, EAHIX, EMHBX, EMHCX, MHIIX, MHIRX)
MFS High Yield Opportunities Fund (Sym: MHOAX, MHOBX, MHOCX, MHOIX)
MFS Intermediate Investment Grade Bond Fund (Sym: MGBFX, MGBVX, MGBCX, MGBEX, MIBRX)
MFS Limited Maturity Fund (Sym: MQLFX, MQLBX, MQLCX, EALMX, EBLMX, ELDCX, MLDRX)
MFS Research Bond Fund (Sym: MRBFX, MRBBX, MRBCX, EARBX, EBRBX, ECRBX, MRBIX, MRBRX)
MFS Strategic Income Fund (Sym: MFIOX, MIOBX, MIOCX, MFIIX)
MFS Alabama Municipal Bond Fund (Sym: MFALX, MBABX)
MFS Arkansas Municipal Bond Fund (Sym: MFARX, MBARX)
MFS California Municipal Bond Fund (Sym: MCFTX, MBCAX, MCCAX)
MFS Florida Municipal Bond Fund (Sym: MFFLX, MBFLX)
MFS Georgia Municipal Bond Fund (Sym: MMGAX, MBGAX)
MFS Maryland Municipal Bond Fund (Sym: MFSMX, MBMDX)
MFS Massachusetts Municipal Bond Fund (Sym: MFSSX, MBMAX)
MFS Mississippi Municipal Bond Fund (Sym: MISSX, MBMSX)
MFS Municipal Bond Fund (Sym: MMBFX, MMBBX)
MFS Municipal Limited Maturity Fund (Sym: MTLFX, MTLBX, MTLCX)
MFS New York Municipal Bond Fund (Sym: MSNYX, MBNYX, MCNYX)
MFS North Carolina Municipal Bond Fund (Sym: MSNCX, MBNCX, MCNCX)
MFS Pennsylvania Municipal Bond Fund (Sym: MFPAX, MBPAX)
MFS South Carolina Municipal Bond Fund (Sym: MFSCX, MBSCX)
MFS Tennessee Municipal Bond Fund (Sym: MSTNX, MBTNX)
MFS Virginia Municipal Bond Fund (Sym: MSVAX, MBVAX, MVACX)
MFS West Virginia Municipal Bond Fund (Sym: MFWVX, MBWVX)
MFS Emerging Markets Equity Fund (Sym: MEMAX, MEMCX, MEMIX, MEMBX)
MFS Global Equity Fund (Sym: MWEFX, MWEBX, MWECX, MWEIX, MGERX)
MFS Global Growth Fund (Sym: MWOFX, MWOBX, MWOCX, MWOIX, MGLRX)
MFS Global Total Return Fund (Sym: MFWTX, MFWBX, MFWCX, MFWIX, MGRRX)
MFS International Growth Fund (Sym: MGRAX, MGRBX, MGRCX, MQGIX)
MFS International New Discovery Fund (Sym: MIDAX, MIDBX, MIDCX, EAIDX, EBIDX, ECIDX, MWNIX, MINRX)
MFS International Value Fund (Sym: MGIAX, MGIBX, MGICX, MINIX)
MFS Research International Fund (Sym: MRSAX, MRIBX, MRICX, EARSX, EBRIX, ECRIX, MRSIX, MRIRX)

Attorneys to Contact: 
Timothy N. Mathews (TimothyMathews@chimicles.com)
361 West Lancaster Avenue, Haverford, PA 19041 Phone: 610-642-8500

To email us about this case