<body.content> <block> <p>PHILADELPHIA, Oct. 1 \/PRNewswire\/ — Counsel for Class Plaintiffs, Barrack, Rodos & Bacine, today issued the following:<\/p> <p>A classaction has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of the Nations Funds family of funds (the “Funds”) owned and operated byBank of America and its subsidiaries and affiliates between October 1, 1998 and July 3, 2003, inclusive (the “Class Period”). The action has been brought against Bank of America Corporation; Banc ofAmerica Advisors, LLC; Bank of America Capital Management, LLC; Robert H. Gordon; Theodore C. Sihpol, III; Charles D. Bryceland; Edward J. Stern; Canary Capital Partners, LLC; Canary InvestmentManagement, LLC; Canary Capital Partners, Ltd.; each of the Funds; and John Does 1-100.<\/p> <p>The complaint charges defendants with violations of Sections 11 and 15 of the Securities Actof 1933; Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder; and Section 206 of the Investment Advisers Act of 1940. The Complaint charges that,throughout the Class Period, defendants failed to disclose that they improperly allowed certain hedge funds, such as Canary, to engage in improper and\/or unlawful trading practices, including”timing” and “late trading.” Timing is excessive, arbitrage trading undertaken to turn a quick profit. “Late trades” are trades received after 4:00 p.m. (ET) that are filed based on that day’s netasset value, as opposed to being filed based on the following day’s net asset value, as required by SEC regulations. In return from earning extra fees from Canary, Bank of America and itssubsidiaries and affiliates facilitated Canary’s timing and late trading activities, to the detriment of class members who paid, dollar for dollar, for Canary’s improper profits.<\/p><p>These practices were undisclosed in the prospectuses of the Funds, which falsely represented that the Funds actively discouraged short-term timing transactions.<\/p> <p>Theplaintiffs seek to recover damages on behalf of all persons who acquired the securities of the Funds during the Class Period. They are represented by the law firm of Barrack, Rodos & Bacine,which has extensive experience in prosecuting investor class actions involving financial fraud. Barrack, Rodos & Bacine has prosecuted securities, antitrust and consumer class actions forover 25 years. The firm has offices in Philadelphia, San Diego, New York and New Jersey and has been designated lead counsel by federal and state courts across the country in large, complex cases.For more information about Barrack, Rodos & Bacine, please visit their website at <a>http:\/\/www.barrack.com\/<\/a>.<\/p> <p>If you are a member of the Class describedabove, you may, no later than November 4, 2003, move the Court to serve as lead plaintiff of the Class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legalrequirements. If you wish to discuss this action or have any questions concerning this case or your rights or interests, please contact Maxine Goldman, the Shareholder Relations Manager, at Barrack,Rodos & Bacine, 3300 Two Commerce Square, 2001 Market Street, Philadelphia, PA 19103, at 800- 417-7305 or 215-963-0600; fax number 888-417-7306 or 215-963-0838 or by e-mail at <virtlocidsrc=”dummy” value=”dummy”>mgoldman@barrack.com<\/virtloc>. <\/p> <datasource>Barrack, Rodos & Bacine<\/datasource> <\/block> <block class=”contact”><p>CONTACT: Counsel for Class Plaintiffs, Barrack, Rodos & Bacine, Maxine<br\/>Goldman, Shareholder Relations Manager, +1-800-417-7305, or +1-215-963-0600;<br\/>or fax:+1-888-417-7306, or +1-215-963-0838; or e-mail, <virtloc idsrc=”dummy” value=”dummy”>mgoldman@barrack.com<\/virtloc><\/p> <\/block> <block class=”website”> <p>Website: <a>http:\/\/www.barrack.com\/<\/a> <\/p> <\/block> <\/body.content><\/p>\n","protected":false},"excerpt":{"rendered":"
<body.content> <block> <p>PHILADELPHIA, Oct. 1 \/PRNewswire\/ — Counsel for Class Plaintiffs, Barrack, Rodos & Bacine, today issued the following:<\/p> <p>A classaction has been commenced in the United States District Court for the Southern District of New York on behalf of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1249","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/1249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=1249"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/1249\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=1249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=1249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=1249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}