Putnam Investments Trust ("PUTNAM")
Chimicles & Tikellis LLP is assisting Lead Fund Derivative Counsel in prosecuting claims on behalf of the Putnam family of funds (the “Funds”), owned and/or operated by Marsh & McLennan Companies, Inc., Putnam Investments Trust, Putnam Investment Management LLC, Putnam Investment Funds, and their affiliates and/or subsidiaries, 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:
Putnam American Government Income Fund (Sym: PAGVX, PAMBX, PAMMX)
Putnam Arizona Tax Exempt Income Fund (Sym: PTAZX, PAZBX)
Putnam Asset Allocation: Balanced Portfolio (Sym: PABAX, PABBX, AABCX, PABMX)
Putnam Asset Allocation: Conservative Portfolio (Sym: PACAX, PACBX, PACCX, PACMX)
Putnam Asset Allocation: Growth Portfolio (Sym: PAEAX, PAEBX, PAECX, PAGMX)
Putnam California Tax Exempt Income Fund (Sym: PCTEX, PCTBX, PCLMX)
Putnam Capital Appreciation Fund (Sym: PCAPX, PCABX, PCAMX)
Putnam Capital Opportunities Fund (Sym: PCOAX, POPBX, PCOCX)
Putnam Classic Equity Fund (Sym: PXGIX, PGIIX, PGTCX, PGIMX)
Putnam Convertible Income-Growth Trust (Sym: PCONX, PCNBX, PCNMX)
Putnam Discovery Growth Fund (Sym: PVIIX, PVYBX, PVYCX, PVYMX)
Putnam Diversified Income Trust (Sym: PDINX, PSIBX, PDVCX, PDVMX)
Putnam Equity Income Fund (Sym: PEYAX, PEQNX, PEQCX, PEIMX)
Putnam Europe Equity Fund (Sym:PEUGX, PEUBX, PEUMX)
Putnam Florida Tax Exempt Income Fund (Sym: PTFLX, PFLBX)
Putnam Fund for Growth and Income (Sym: PGRWX, PGIBX, PGRIX, PGRMX)
George Putnam Fund of Boston (Sym: PGEOX, PGEBX, PGPCX, PGEMX)
Putnam Global Equity Fund (Sym: PEQUX, PEQBX, PUGCX, PEQMX)
Putnam Global Income Trust (Sym: PGGIX, PGLBX, PGGMX)
Putnam Global Natural Resources Fund (Sym: EBERX, PNRBX, PGLMX)
Putnam Growth Opportunities Fund (Sym: POGAX, POGBX, POGCX, PGOMX)
Putnam Health Sciences Trust (Sym: PHSTX, PHSBX, PCHSX, PHLMX)
Putnam High Yield Advantage Fund (Sym: PHYIX, PHYBX, PHYMX)
Putnam High Yield Trust (Sym: PHIGX, PHBBX, PCHYX, PHIMX)
Putnam Income Fund (Sym: PINCX, PNCBX, PUICX, PNCMX)
Putnam Intermediate U.S. Government Income Fund (Sym: PBLGX, PBGBX, PVICX)
Putnam International Capital Opportunities Fund (Sym: PNVAX, PVNBX, PUVCX, PIVMX)
Putnam International Equity Fund (Sym: POVSX, POVBX, PIGCX, POVMX)
Putnam International Growth and Income Fund (Sym: PNGAX, PGNBX, PIGRX, PIGMX)
Putnam International New Opportunities Fund (Sym: PINOX, PINWX, PIOCX, PINMX)
Putnam Investors Fund (Sym: PINVX, PNVBX, PCINX, PNVMX)
Putnam Massachusetts Tax Exempt Income Fund (Sym: PXMAX, PMABX)
Putnam Michigan Tax Exempt Income Fund (Sym: PXIMX, PMEBX)
Putnam Mid Cap Value Fund (Sym: PMVAX, PMVBX, PMPCX)
Putnam Minnesota Tax Exempt Income Fund (Sym: PXMNX, PMTBX)
Putnam Money Market Fund (Sym: PDDXX, PTBXX, PFCXX, PTMXX)
Putnam Municipal Income Fund (Sym: PTFHX, PFHBX, PMUMX)
Putnam New Jersey Tax Exempt Income Fund (Sym: PTNJX, PNJBX)
Putnam New Opportunities Fund (Sym: PNOPX, PNOBX, PNOMX)
Putnam New Value Fund (Sym: PANVX, PBNVX, PNVCX, PMNVX)
Putnam New York Tax Exempt Income Fund (Sym: PTEIX, PEIBX)
Putnam New York Tax Exempt Opportunities Fund (Sym: PTNHX, PTNBX, PNYMX)
Putnam OTC & Emerging Growth Fund (Sym: POEGX, POTBX, POEXC, POEMX)
Putnam Ohio Tax Exempt Income Fund (Sym: PHOHX, POXBX)
Putnam Pennsylvania Tax Exempt Income Fund (Sym: PTEPX, PPNBX)
Putnam Research Fund (Sym: PNRAX, PRFBX, PRACX)
Putnam Small Cap Growth Fund (Sym: PNSAX)
Putnam Small Cap Value Fund (Sym: PSLAX, PSLBX, PSLCX. PSLMX)
Putnam Tax Exempt Income Fund (Sym: PTAEX, PTBEX, PTXMX)
Putnam Tax Exempt Money Market Fund (Sym: PTXXX)
Putnam Tax Smart Equity Fund (Sym: PATSX, PBTSX, PCSMX)
Putnam Tax-Free High Yield Fund (Sym: PTHAX, PTHYX, PTYMX)
Putnam Tax-Free Insured Fund (Sym: PPNAX, PTFIX)
Putnam U.S. Government Income Trust (Sym: PGSIX, PGSBX, PGVCX, PGSMX)
Putnam Utilities Growth and Income Fund (Sym: PUGIX, PUTBX, PUTMX)
Putnam Vista Fund (Sym: PVISX, PVTBX, PCVFX, PVIMX)
Putnam Voyager Fund (Sym: PVOYX, PVOBX, PVFCX, PVOMX)