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Case ID: 4200 | Stocks | 01/25/2005
A class action lawsuit has been filed in the District Court of Massachusetts against Robert J Manning and others for violations of the Investment Company Act. Class members seek compensatory damages, disgorgement of the fees paid to the investment advisors and punitive damages.
This is a national class action lawsuit on behalf of investors in open-ended mutual funds with equity securities holdings in the MFS Family of Funds against the defendant directors, investment advisors and affiliates of the funds alleging that the defendants breached fiduciary duties and duties of care owed directly to the plaintiff and members of the class by failing to ensure that the funds participated in securities class action settlements for which the funds were eligible. The class consists of all persons who owned any of the funds at any time from January 10, 2001 through January 10, 2005. At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Stocks Cases of Interest On June 23, 2008, the Judge Victor Marrero granted the motion to appoint Iowa Public Employees' Retirement System; Policemen's Annuity & Benefit Fund of Chicago; Central States, Southeast, Southwest Areas Pension Fund; and State-Boston Retirement System as lead plaintiffs. Further, according to the order, the law firms of Barrack, Rodos & Bacine and Cohen, Milstein, Hausfeld & Toll, P.L.L.C. are approved to serve as co-lead counsel.
Several class actions have been filed against grocery store operator Winn Dixie Stores, Inc. (NYSE: WIN) and certain of its officers and directors by stockholders who purchased the company's common stock between October 9, 2002, and January 30, 2004. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. A class action has been filed against clothing manufacturer Warnaco Group, Inc. (Nasdaq: WRNC) and certain of its officers and directors by stockholders who purchased the company's common stock between December 11, 1997, and July 20, 2000.
Several class actions have been filed against specialty chemical manufacturer Ferro Corporation (NYSE:FOE) and certain of its officers and directors by stockholders who purchased the company's common stock between October 28, 2003, and July 22, 2004. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. Several class actions have been filed against home appliance manufacturer Salton, Inc. (NYSE:SFP) and certain of its officers and directors by stockholders who purchased the company's common stock between November 11, 2002, and May 11, 2004. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. A class action has been filed against certain of the former officers of camera company Polaroid Corporation (formerly OTCBB: PRDCQ and PRDQE, NYSE: PRD) and its former auditor, KPMG LLP, by stockholders who purchased the company's common stock between April 2 and August 16, 2001. The stockholders seek to recover compensatory damages for the loss of value of their stock. |
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