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Rating:Investors to Janus: It's Not Over Yet Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 25, 2007

Investors to Janus: It's Not Over Yet

Reported by Erin Kello

Janus investors are taking a second crack at recovering the funds they lost during the market-timing scandal.

The suit charged that Janus stated in their prospectuses that they "prohibited market timing in their funds while in fact they permitted certain hedge funds to engage in such trading."

Last month a judge found that it could not be proven that Janus "made a false statement or omission of material fact" in those prospectuses.

The plaintiffs have now filed an appeal with the court on June 19, seeking overturn the dismissal of the case. 

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