MFS, JPMorgan Settle Market Timing Class Actions
The financial institutions were among hundreds of mutual fund managers who faced proposed class actions regarding the timing of trades following an investigation by former New York Attorney General Eliot Spitzer. Dozens of the cases, including those involving MFS and JPMorgan, were consolidated to the U.S. District Court for the District of Maryland.
Terms of the settlements, which have not yet been submitted for...
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