Redefining Loss Causation In Mutual Fund Cases

Law360, New York (December 6, 2011, 1:55 PM EST) -- A mutual fund is an investment fund operated by an investment company that raises money from shareholders to invest in stocks, bonds, options, or other securities. Mutual fund investors own shares in the fund, not the underlying securities.

Open-ended mutual funds offer shares to the public pursuant to prospectuses at prices based upon the net asset value of the securities held by those funds. An open-ended mutual fund is ready to accept new money from investors or to repurchase the mutual fund shares from investors who...
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