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Chimicles & Tikellis LLP announces that a derivative lawsuit has been filed on behalf of the INVESCO family of funds (the “Funds”), operated by London-based AMVESCAP PLC (“AMVESCAP”) (NYSE: AVZ) and its subsidiary INVESCO Funds Group, Inc. (“INVESCO Funds Group”), seeking to pursue remedies under common law and the Investment Advisers Act of 1940.

The Complaint alleges that defendants violated common law and Section 206 of the Investment Advisers Act of 1940. The Complaint charges that certain of the defendants improperly allowed certain favored investors to engage in “timing” of the Funds’ securities. These practices were undisclosed in the prospectuses of the Funds, which falsely represented that the Funds actively police against timing and that premature redemptions will be assessed a charge.

The derivative complaint seeks damages for harm caused to the various mutual fund families, disgorgement of excessive management fees and profits, removal of fund directors, rescission of fund management contracts, and the payment of attorneys’ fees and expenses, as well as therapeutic or structural changes in the funds’ policies and review procedures, aimed at decreasing the risk of similar wrongdoing occurring in the future. It is our belief that a derivative action will maximize recovery to investors because the illegally gained profits will be returned to the Fund and inure to the benefit of the investors.

Please contact us if you are an investor in one of the following mutual fund families and would like to learn more about the cases and possibly become a named plaintiff in a derivate lawsuit filed on behalf of the mutual fund:

Timothy N. Mathews, Esquire (timothymathews@chimicles.com)
Chimicles & Tikellis LLP
361 West Lancaster Avenue
Haverford, PA 19041
Toll Free: 866-399-2487

The Funds, and the symbols for the respective Funds named below, are as follows:

INVESCO Advantage Health Sciences Fund (Sym: IAGHX, IGHBX, IGHCX)
INVESCO Advantage Fund (Sym: IADAX, IADBX, IADCX)
INVESCO Latin American Growth Fund (Sym: IVSLX)
INVESCO Core Equity Fund (Sym: ICEAX, ICEBX, IINCX, FIIIX, IEIKX)
INVESCO Dynamics Fund (Sym: IDYAX, IDYBX, IFDCX, FIDYX, IDYKX)
INVESCO Energy Fund (Sym: IENAX, IENBX, IEFCX, FSTEX, IENKX)
INVESCO Financial Services Fund (Sym: IFSAX, IFSBX, IFSCX, FSFSX, FSFKX)
INVESCO Gold & Precious Metals Fund (Sym: IGDAX, IGDBX, IGDCX, FGLDX)
INVESCO Health Sciences Fund (Sym: IAHSX, IBHSX, IHSCX, FHLSX, IHSKX)
INVESCO International Core Equity Fund (formerly known as International Blue Chip Value Fund) (Sym: IBVAX, IBVBX, IBVCX, IIBCX)
INVESCO Leisure Fund (Sym: ILSAX, LSBX, IVLCX, FLISX, ILEKX)
INVESCO Mid-Cap Growth Fund (Sym: IMGAX, IMGBX, IMGCX, IVMIX)
INVESCO Multi-Sector Fund (Sym: IAMSX, IBMSX, ICMSX, ICMSX)
AIM INVESCO S&P Index Fund (Sym: ISPIX)
INVESCO Small Company Growth Fund (Sym: ISGAX, ISGBX, ISGCX FIEGX ISCKX)
INVESCO Technology Fund (Sym: ITYAX, ITYBX, ITHCX, FTCHX, ITHKX)
INVESCO Total Return Fund (Sym: IATRX, IBTRX, ITRCX, FSFLX)
INVESCO Utilities Fund (Sym: IAUTX, IBUTX, IUTCX, ISTUX)
AIM INVESCO Cash Reserves Fund (currently known as AIM Money Market Fund) (New symbol: AIMXX)
AIM INVESCO Tax-Free Money Fund (Sym: FFRXX)
AIM INVESCO Treasurers Money Market Reserve Fund (Sym: IMRXX)
AIM INVESCO Treasurers Tax-Exempt Reserve Fund (Sym: ITTXX)
AIM INVESCO US Government Money Fund (Sym: FUGXX)
INVESCO Advantage Fund (Sym: IADAX, IADBX, IADCX)
INVESCO Balanced Fund (Sym: IBLAX, IBLBX, IBNCX, IBFIX, IMABX, IBLKX)
INVESCO European Fund (Sym: IEUAX, IEUBX, FEURX, IEUKX)
INVESCO Growth Fund (Sym: IAGWX, IBGWX, IBGCX, FLRFX, IGWKX)
INVESCO High-Yield Fund (Sym: IAHYX, IBHYX, IHYCX FHYPX., IHYKX)
INVESCO Growth & Income Fund, (Sym: IGIAX, IGIBX, IGRCX, IVGIX, IGIKX)
INVESCO Real Estate Opportunity Fund (Sym: IAREX, IBREX, IRECX, IVSRX
INVESCO Select Income Fund (Sym: IASIX, IBSIX, ISICX, FBDSX)
INVESCO Tax-Free Bond Fund (Sym: IXBAX, IXBBX, ITFCX, FTIFX)
INVESCO Telecommunications Fund (Sym: ITLAX, ITLBX, INTCX, ISWCX, ITEKX)
INVESCO U.S. Government Securities Fund (Sym :IGVAX, IGVBX, IUGCX, FBDGX)
INVESCO Value Fund (Sym: IAVEX, IBVEX, IVACX, FSEQX)

To learn more about the individual cases, click on the following links:

 

 

   Friday, July 04th, 2008



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