NEW YORK–(BUSINESS WIRE)–Sept. 15, 2003–Kaplan Fox & Kilsheimer LLP (kaplanfox.com) filed a class action against Janus Capital Group, Inc., Janus Capital Management, LLC., Janus High-YieldFund (JAHYX) and Janus Mercury Fund (JAMRX), in the District Court, City and County of Denver, Colorado. This suit is brought on behalf of all holders, other than defendants, of Janus Mercury Fundand Janus High Yield Fund from April 1, 2002 through the present (the “Class Period”).
The complaint alleges that beginning in 2002, Defendants breached their fiduciary duties to their customers by engaging in a series of schemes, including but not limited to, market timing in order to benefit certain hedge funds, including Canary Capital Partners, LLC and its affiliates, by tens of millions of dollars at the expense of Defendants’ other mutual fund shareholders. In exchange for their participation in these schemes, Defendants received substantial fees and other income for themselves and their affiliates.
Plaintiff seeks to recover damages on behalf of the proposed Class and is represented by Kaplan Fox & Kilsheimer LLP. Our firm, with offices in New York, San Francisco, Chicago and New Jersey, has more than 30 years of experience prosecuting investor class actions and actions involving financial fraud. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com .
If you have any questions about this Notice, the action, your rights, or your interests, please e-mail us at [email protected] or contact: <pre><br>Frederic S. Fox, Esq. Laurence D. King, Esq.<br>Joel B. Strauss, Esq. Linda Fong, Esq.<br>Christine M. Fox, Esq. Kaplan Fox & Kilsheimer LLP<br>Kaplan Fox & Kilsheimer LLP 555 Montgomery Street<br>805 Third Avenue, 22nd Floor San Francisco, CA 94111<br>New York, NY 10022 (415) 772-4700<br>(800) 290-1952 Fax: (415) 772-4707<br>(212) 687-1980 E-mail address: [email protected]<br>Fax: (212) 687-7714<br>E-mail address: [email protected]<br>———————————————————————-<br></pre>
