MutualFundWire.com: Janus Suit Could Divide the Supremes
MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Wednesday, December 8, 2010

Janus Suit Could Divide the Supremes


Yesterday, the Supreme Court looked at a ruling that allowed shareholders to slap suit against Janus and a subsidiary over allegedly misleading prospectuses. Bloomberg reports that the justices "signaled they are divided about restricting securities fraud suits by shareholders of mutual fund companies."

That could possibly leave Justice Anthony Kennedy to make the deciding vote, the wire service reports.


Printed from: MFWire.com/story.asp?s=35343

Copyright 2010, InvestmentWires, Inc.
All Rights Reserved
Back to Top