March 11, 2020
A mutual fund that beat class action securities claims last year has nonetheless agreed to pay investors $3.3 million to settle the claims once and for all, according to an order in New York federal court on Tuesday.
June 25, 2019
A New York federal judge on Tuesday dismissed a proposed class action alleging a mutual fund falsely advertised itself as a stable investment, finding the fund had adequately warned investors of potential risks.
June 06, 2018
The leaders behind a hedge fund-turned-mutual fund on Tuesday asked a New York federal judge to dismiss an investor suit claiming the fund was disguised as "low-risk" without revealing that it had shorted the Standard & Poor's 500 for an eventual $600 million loss, saying they never misrepresented its investment strategy.
May 01, 2017
The leadership behind a hedge-fund-turned-mutual-fund improperly billed it as a low-risk investment without revealing it had shorted the Standard & Poor's 500, which led to a $600 million loss, according to a proposed investor class action filed in New York federal court Friday.