|
What Is A Class Action? | Glossary | Articles | Contact | Careers | Disclaimer | Firm Brochure |
|
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) The Funds, and the symbols for the respective Funds named below, are as follows: Strong Advisor Bond Fund (SVBDX, SADBX, SABCX, SIBNX, F008W1, SBDIX)
|
|
To learn more about the individual cases, click on the following links:
|
|
Friday, July 04th, 2008 |
||
|
HAVERFORD, PA 361 West Lancaster Avenue Haverford, PA 19041 Voice: 610-642-8500 Toll Free: 866-399-2487 Fax: 610-649-3633 Email: mail@chimicles.com |
WILMINGTON, DE P.O. Box 1035 One Rodney Square Wilmington, DE 19899 Voice: 302-656-2500 Fax: 302-656-9053 Email: mail@chimicles.com |
Copyright
©1998-2007 Chimicles & Tikellis, LLP all rights reserved.
Please send questions/comments about this site to mail@chimicles.com
If you would like to obtain permission to reproduce any of the materials
contained on this site, please contact us at 610-642-8500.
Attorney Advertising.