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Chimicles & Tikellis LLP announces that a derivative lawsuit has been filed on behalf of the Strong family of funds (the “Funds”), operated by Strong Financial Corporation, Strong Capital Management, Inc., and subsidiaries, 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:

Strong Advisor Bond Fund (SVBDX, SADBX, SABCX, SIBNX, F008W1, SBDIX)
Strong Advisor Municipal Bond Fund (SAMAX, SMBBX, F00BH8)
Strong Advisor Municipal Select Fund (SMUIX, STAEX, F005LZ, F005M9)
Strong Advisor Short Duration Bond A Fund (STSDX, SSDKX, SSHCX, STGBX)
Strong Advisor Common Stock Fund (SCSAX, SCSKX, STSAX, STCSX)
Strong Advisor Endeavor Large Cap Fund (STALX, F008GO)
Strong Advisor Focus Fund (F005MO, F005M7, F005LT)
Strong Advisor International Core Fund (F008GQ, F008GR, F008GS)
Strong Advisor Large Company Core Fund (SLGAX, F00AO2, F00AO3, SLCKX)
Strong Advisor Mid-Cap Growth Fund (F005LQ, F005M1, F005LO, SMDCX)
Strong Advisor Small Cap Value Fund (SMVAX, SMVBX, SMVCX, SSMVX)
Strong Advisor Strategic Income Fund (SASAX, F005L7, SASCX)
Strong Advisor Technology Fund (SASCX, F005LM, F005LM)
Strong Advisor U.S. Small/Mid Cap Growth Fund (F009D0, F009D1)
Strong Advisor U.S. Value (F005M2, F005M5, F005MA, SEQKX, SEQIX)
Strong Advisor Utilities and Energy Fund (SUEAX, F00AED, F00AEE, F009D5)
Strong All Cap Value Fund (F009D5)
Strong Asia Pacific Fund (SASPX)
Strong Balanced Fund (STAAX)
Strong Blue Chip Fund (SBCHX)
Strong Discovery Fund (STDIX)
Strong Dividend Income Fund (SDVIX, F008VY)
Strong Dow 30 Value Fund (SDOWX)
Strong Endeavor Fund (SENDX)
Strong Energy Fund (SENGX)
Strong Enterprise Fund (SENAX, F04ANX, SENTX, SEPKX)
Strong Growth & Income Fund (SGNAX, SGNIX, SGRIX, SGIKX)
Strong Growth 20 Fund (SGTWX, SGRTX, SGRAX, F00B67, SGRNX)
Strong Growth Fund (SGROX, SGRKX)
Strong Index 500 Fund (SINEX)
Strong Large Cap Core Fund (SLCRX)
Strong Large Cap Growth Fund (STRFX)
Strong Large Company Growth Fund (SLGIX, F04ANY)
Strong Mid Cap Disciplined Fund (SMCDX)
Strong Multi-Cap Value Fund (SMTVX)
Strong Opportunity Fund (SOPVX, SOPFX, F00AH2)
Strong Overseas Fund (F00B4I, SOVRX)
Strong Small Company Value Fund (F009D3)
Strong Technology 100 Fund (STEKX)
Strong U.S. Emerging Growth Fund (SEMRX)
Strong Value Fund (STVAX)
Strong Life Stages - Aggressive Portfolio Fund (SAGGX)
Strong Life Stages - Conservative Portfolio Fund (SCONX)
Strong Life Stages - Moderate Portfolio Fund (SMDPX)
Strong Corporate Bond Fund (SCBDX, SCBNX, STCBX)
Strong Corporate Income Fund (SCORX)
Strong High-Yield Bond Fund (SHBAX, SHYYX, STHYX)
Strong Government Securities Fund (SGVDX, F00B66, SGVIX, STVSX)
Strong High-Yield Municipal Bond Fund (SHYLX)
Strong Intermediate Municipal Bond Fund (SIMBX)
Strong Municipal Bond Fund (SXFIX)
Strong Minnesota Tax-Free Fund (F00B64, F00B65, F00B63 Strong Wisconsin Tax-Free Fund (F0068K)
Strong Short-Term High-Yield Municipal Bond Fund (SSHMX, SSTHX, STHBX)
Strong Short-Term Municipal Bond Fund (F00B62, STSMX)
Strong Short-Term Income Fund (F00B1K)
Strong Short-Term Bond Fund (SSTVX, SSHIX, SSTBX)
Strong Ultra Short-Term Income Fund (SADAX, SADIX, STADX)
Strong Ultra Short-Term Municipal Income Fund (SMAVX, SMAIX, SMUAX)
Strong Florida Municipal Money Market Fund (SLFXX)
Strong Heritage Money Fund (SHMXX)
Strong Money Market Fund (SMNXX)
Strong Municipal Money Market Fund (SXFXX)
Strong Tax-Free Money Fund (STMXX)

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

 

 

   Friday, July 04th, 2008



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Haverford, PA 19041
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