Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Lawyers Hunt for More Plaintiffs in WM Funds Suit Not Rated 1.7 Email Routing List Email & Route  Print Print
Tuesday, November 13, 2007

Lawyers Hunt for More Plaintiffs in WM Funds Suit

Reported by Erin Kello

San Diego-based law firm Finkelstein & Krinsk is searching for more plaintiffs in the class action lawsuit it filed against Washington Mutual in February of this year. The suit centers around claims by the first plaintiff, Luz M. Zapien, that Washington Mutual did not disclose revenue-sharing agreements used to sell its proprietary WM Funds.

The complaint alleges the WM Group of funds issued "materially false and misleading information in the mutual fund prospectuses, which impeded investor access to alternative funds and superior returns."

The Principal Group, which acquired the WM Funds in a deal that closed in December of 2006, is also named as a defendant in the lawsuit.

The most recent hearing in the case, held on November 11, was to hear a motion to dismiss by Washington Mutual and the other defendants. No ruling has been made on the motion thus far and no other hearings have been scheduled.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

1.7
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use