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Friday, June 28, 2013

AMF Shares Lawsuit Updates

by: KP

Asset Management Funds (advised by Shay Asset Management [profile] has updated their information regarding on going lawsuits filed by the Ultra Short Mortgage Fund, Ultra Short Fund, Short U.S. Government Fund, Intermediate Mortgage Fund, U.S. Government Mortgage Fund, Large Cap Equity Fund, Class AMF Shares, and the Class H Shares against various parties related to alleged fraudulent conduct in connection with the offer and sale of residential mortgage-backed securities purchased by certain of the funds and seeks compensatory damages to recover for losses sustained by the funds. [SEC Filing:I] [SEC Filing:II]. 

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