BALA CYNWYD, Pa., Oct. 30, 2003 (PRIMEZONE) -- Nations Mutual Fund investors have five (5) days to move for lead plaintiff in a securities fraud class action recently brought against Bank of America (NYSE: BAC), Banc of America Capital Management, LLC, BACAP Distributors, LLC, and the Nations Family of Mutual Funds (collectively, the "Nations Funds"). If you purchased any of the Nations Funds listed below between October 1, 1998 and July 3, 2003, inclusive (the "Class Period") and you wish to be a lead plaintiff in the case, you must move to serve as lead plaintiff by filing a motion in the United States District Court for the District of New Jersey by November 4, 2003.
The following funds are subject to this class action lawsuit:
Nations Institutional Reserves Convertible Securities Fund (NASDAQ:PACIX, NCVBX, PHIKX, NCIAX) Nations International Equity Fund (NASDAQ: NIIAX, NIENX, NITRX, NIEQX) Nations Fund Inc. Small Company Fund (NASDAQ: PSCPX) Nations Capital Growth Fund (NASDAQ: NCGIX, NCGNX, NCAGX, NCGRX) Nations Marisco 21st Century Fund (NASDAQ: NMTAX, NMTBX, NMYCX, NMYAX) Nations Marsico Focused Equities Fund (NASDAQ: NFEAX, NFEBX, NFECX, NFEPX) Nations Marsico Growth Fund (NASDAQ: NMGIX, NGIBX, NMICX, NGIPX) Nations MidCap Growth Fund (NASDAQ: NEGAX, NEGNX, NEMGX, NEGRX) Nations Small Company Fund (NASDAQ: NSCGX, NCPBX, NCPCX, PSCPX) Nations Strategic Growth Fund (NASDAQ: NSGAX, NSIBX, NSGCX NSEPX) Nations Asset Allocation Fund (NASDAQ: PHAAX, NBASX, NAACX, NPRAX) Nations MidCap Value Fund (NASDAQ: NAMAX) Nations SmallCap Value Fund (NASDAQ: NSVAX) Nations Value Fund (NASDAQ: NVLEX, NVLNX, NVALX, NVLUX) Nations Global Value Fund (NASDAQ: NVVAX, NGLBX, NCGLX, NVPAX) Nations International Value Fund (NASDAQ: NIVLX, NBIVX, NVICX, EMIEX) Nations Marsico International Opportunities Fund (NASDAQ: MAIOX, MBIOX, MCIOX, NMOAX) Nations LargeCap Enhanced Core Fund (NASDAQ: NMIAX, NMIMX) Nations LargeCap Index Fund (NASDAQ: NEIAX, NINDX) Nations MidCap Index Fund (NASDAQ: NTIAX, NMPAX) Nations SmallCap Index Fund (NASDAQ: NMSAX, NMSCX) Nations LifeGoal(R) Balanced Growth Portfolio (NASDAQ: NBIAX, NLBBX, NBICX, NBGPX) Nations LifeGoal(R) Growth Portfolio (NASDAQ: NLGIX, NLGBX, NLGCX, NGPAX) Nations LifeGoal(R) Income and Growth Portfolio (NASDAQ: NLGAX, NLIBX, NIICX, NIPAX) Nations Bond Fund (NASDAQ: NSFAX, NSFNX, NSFCX, NSFIX) Nations Government Securities Fund (NASDAQ: NGVAX, NGVTX, NGVSX, NGOVX) Nations High Yield Bond Fund (NASDAQ: NAHAX, NHYBX, NYICX, NYPAX) Nations Intermediate Bond Fund (NASDAQ: PHBAX, NTBBX, NTBCX, NATAX) Nations Short-Intermediate Government Fund (NASDAQ: NSIGX, NSINX, NSIFX, NSIMX) Nations Short-Term Income Fund (NASDAQ: NSTRX, NSTIX, NSTMX) Nations Strategic Income Fund (NASDAQ: NDIAX, NDVIX, NDVSX, NDIVX) Nations CA Intermediate Municipal Bond Fund (NASDAQ: NACMX, NCMAX) Nations CA Municipal Bond Fund (NASDAQ: PHCTX, NCMBX, NCBCX, NCPAX) Nations FL Intermediate Municipal Bond Fund (NASDAQ: NFIMX, NFITX, NFINX, NFLBX) Nations FL Municipal Bond Fund (NASDAQ: NFDAX, NFMNX, NFMBX, NFLMX) Nations GA Intermediate Municipal Bond Fund (NASDAQ: NGMIX, NGITX, NGINX, NGAMX) Nations Intermediate Municipal Bond Fund (NASDAQ: NITMX, NIMMX, NIMNX, NINMX) Nations Kansas Municipal Income Fund (NASDAQ: NKIAX, NKIBX, NKICX, NKSAX) Nations MD Intermediate Municipal Bond Fund (NASDAQ: NMDMX, NMITX, NMINX, NMDBX) Nations Municipal Income Fund, (NASDAQ: NMUIX, NMNNX, NMNIX) Nations NC Intermediate Municipal Bond Fund (NASDAQ: NNCIX, NNITX, NNINX, NNIBX) Nations SC Intermediate Municipal Bond Fund (NASDAQ: NSCIX, NISCX, NSICX, NSCMX) Nations Short-Term Municipal Income Fund (NASDAQ: NSMMX, NSMUX, NSMIX) Nations TN Intermediate Municipal Bond Fund (NASDAQ: NTIMX, NTNNX, NTINX, NTNIX) Nations TX Intermediate Municipal Bond Fund (NASDAQ: NTITX, NTXTX, NTXCX, NTXIX) Nations VA Intermediate Municipal Bond Fund (NASDAQ: NVAFX, NVANX, NVRCX, NVABX) Nations CA Tax-Exempt Reserves (NASDAQ: NATXX) Nations Cash Reserves (NASDAQ: NPRXX, NIBXX, NRSXX) Nations Government Reserves (NASDAQ: NGAXX, NGOXX) Nations Money Market Reserves (NASDAQ: NRBXX, NRTXX) Nations Municipal Reserves (NASDAQ: NMSXX) Nations Tax-Exempt Reserves (NASDAQ: NTEXX, NTXXX) Nations Treasury Reserves (NASDAQ: NTSXX, NTTXX).
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Stuart L. Berman, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@sbclasslaw.com.
The complaint charges the defendants with violations of the Securities Act of 1933 (the "Securities Act"), the Securities Exchange Act of 1934 (the "Exchange Act"), the Investment Company Act of 1940 (the "Investment Company Act"), and for common law breach of fiduciary duties. The Complaint alleges that the Nations Funds and the other defendants engaged in a fraudulent scheme to defraud and cause financial injury to the shareholders of the Nations Funds.
Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin & Barroway, which prosecutes class actions in both state and federal courts throughout the country. Schiffrin & Barroway is a driving force behind corporate governance reform, and has recovered in excess of a billion dollars on behalf of institutional and high net worth individual investors. For more information about Schiffrin & Barroway, or to sign up to participate in this action online, please visit http://www.sbclasslaw.com/cgi/signup.cgi.
If you are a member of the class described above, you may, not later than November 4, 2003, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. You may retain Schiffrin & Barroway, or other counsel of your choice, to serve as your counsel in this action.