Janus Wants Class Action Moved To Federal Court

Law360, New York (December 6, 2006, 12:00 AM EST) -- A proposed class action against Janus Investment Fund, among others, has reappeared on a federal docket in Illinois, the latest development in a legal battle that made its way up to the U.S. Supreme Court earlier this year.

The case—Potter et al. v. Janus Investment Fund et al.—was one of several proposed class actions originally filed by mutual fund investors in Illinois state court in the fall of 2003, alleging that they were injured by the devaluation of their holdings.

These fair value pricing cases alleged...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.