High Court Seeks White House's View On Janus Suit

Law360, New York (January 11, 2010, 1:15 PM EST) -- The U.S. Supreme Court on Monday asked the Obama administration to weigh in on Janus Capital Group Inc.'s appeal of the revival of a class action securities suit against the investment company, potentially delaying for months a decision on whether the high court will take the case.

The high court asked the U.S. Office of the Solicitor General to prepare a brief outlining the administration's opinion on whether the plaintiffs had pled a viable claim of primary liability against Janus Capital Management LLC and if JCG...
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