Tag Archives: Janus Capital

Securities Suit Against Company That Used Stock Promotion Firm Survives Dismissal Motion

As I have previously noted on this blog (most recently here), one of the more distinctive litigation phenomena in recent years has been the rash of securities class action lawsuits involved allegations that the defendant firms’ use of stock promotion firms had resulted in misrepresentations to investors. The difficulty for the plaintiffs in these cases … Continue Reading

Supreme Court Holds Fund Management Company Cannot Be Held Liable for Funds’ Statements

In a June 13, 2011 opinion written by Justice Clarence Thomas, the United States Supreme Court held, by a 5-4 margin, in the Janus Capital Group, Inc. v. First Derivative Traders case,  that a mutual fund management company cannot be held liable for the alleged misstatements in the prospectuses of the mutual funds that the … Continue Reading
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