Principal Fund Investors Sue Over Fee Gouging

Law360, New York (October 29, 2012, 1:15 PM EDT) -- Investors in funds managed by Principal Financial Group Inc. launched a derivative action Friday in Iowa federal court alleging the company charged excessive fees, reinvigorating a federal appeals court dispute over the window for collecting damages on such claims. 

Plaintiffs Judith Curran and Michael Earp filed the suit as a derivative action on behalf of investors in two Principal Management Corp. funds: the Principal SAM Balanced Portfolio and the Principal SAM Strategic Growth Portfolio. Each is a “fund of funds,” or a mutual fund that invests...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Curran et al v. Principal Management Corporation et al


Case Number

4:12-cv-00513

Court

Iowa Southern

Nature of Suit

Securities/Commodities

Judge

Robert W. Pratt

Date Filed

October 26, 2012

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.