Janus Investors Look To Revive Market-Timing Suit

Law360, New York (February 19, 2010, 3:13 PM EST) -- Mutual fund investors alleging Janus Capital Management breached its fiduciary duty by letting traders market time the funds have appealed a federal judge’s holding that the derivative claims are foreclosed under a $100 million settlement with regulators.

Derivative plaintiffs turned to the U.S. Court of Appeals for the Fourth Circuit on Wednesday, intent on overturning the January judgment that knocked their claims for breach of fiduciary duty out of court.

The appeal takes issue with the manner in which Judge J. Frederick Motz of the U.S....
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