High Court To Review Janus Capital Fraud Suit

Law360, New York (June 28, 2010, 6:21 PM EDT) -- The U.S. Supreme Court on Monday agreed to review an appeals court decision that revived a class action accusing derivative trader Janus Capital Group Inc. and a subsidiary of making misleading statements about the funds they managed.

As is customary, the high court granted Janus' certiorari petition without comment. In January it had asked the the U.S. Office of the Solicitor General to prepare a brief outlining the government's opinion on whether the complaint — filed by a group called First Derivatives Traders — pled a...
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