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
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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