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Rating:Janus Says Some Suit Claims To Be Dismissed Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 06, 2006

Janus Says Some Suit Claims To Be Dismissed

by: Armie Margaret Lee

A district court in Baltimore is set to junk claims brought by shareholders against Janus Capital Group in connection with the slide in the company's stock owing to its role in the mutual fund trading scandal.

In a 10-k filing on Friday, the Denver-based fund firm said that the court has issued an order dated February 27 detailing its intent to dismiss the claims against Janus and its affiliates.

After the market timing scandal broke out in the fall of 2003, Janus and some of its affiliates were named as defendants in a consolidated lawsuit in the Baltimore court. Last August, the court ordered the dismissal of most of the claims. 

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