LOS ANGELES, Dec. 18, 2003 (PRIMEZONE) -- Notice is hereby given by Glancy & Binkow LLP that a Class Action lawsuit was filed in the United States District Court for the District of Massachusetts on behalf of a class (the "Class") consisting of all persons or entities who purchased or otherwise acquired mutual funds in the MFS family of funds (the "Funds"), between December 15, 1998 and December 7, 2003, inclusive (the "Class Period").
A copy of the Complaint is available from the court or from Glancy & Binkow LLP. Please contact us by phone to discuss this action or obtain a copy of the Complaint at (310) 201-9161 or Toll Free at (888) 773-9224, by email at info@glancylaw.com, or visit our website at www.glancylaw.com.
The Complaint charges, among others, Sun Life Financial Inc. and its subsidiary Massachusetts Financial Services Company (d/b/a "MFS Investment Management") with violations of federal securities laws. The complaint alleges that during the Class Period defendants failed to disclose that certain favored investors were allowed to engage in "market timing" -- short-term, in-and-out trading of mutual fund shares -- to the detriment of other MFS Funds investors who paid, dollar-for-dollar, for the favored investors' improper profits. The complaint alleges that these improper practices were undisclosed in the MFS Funds' prospectuses, which represented that the Funds actively deter "timing."
The Funds, and the symbols for the respective Funds named below, are as follows:
MFS Capital Opportunities Fund (Nasdaq:MCOFX), (Nasdaq:MCOBX), (Nasdaq:MCOCX), (Nasdaq:MFCRX), (Nasdaq:MCOTX), (Nasdaq:EACOX), (Nasdaq:EBCOX), (Nasdaq:ECCOX), (Nasdaq:MCOIX)
MFS Core Growth Fund (Nasdaq:MFCAX), (Nasdaq:MFCBX), (Nasdaq:MFCCX), (Nasdaq:MCFRX), (Nasdaq:MCRRX), (Nasdaq:MFCIX)
MFS Emerging Growth Fund (Nasdaq:MEGRX), (Nasdaq:MEGBX), (Nasdaq:MFECX), (Nasdaq:MFERX), (Nasdaq:MEGRX), (Nasdaq:EAGRX), (Nasdaq:EBEGX), (Nasdaq:ECEGX), (Nasdaq:MFEGX), (Nasdaq:MFEIX)
MFS Growth Opportunities Fund (Nasdaq:MGOFX), (Nasdaq:MGOBX
MFS Large Cap Growth Fund (Nasdaq:MCGAX), (Nasdaq:MCGBX)
MFS Managed Sectors Fund (Nasdaq:MMNSX), (Nasdaq:MSEBX), (Nasdaq:MMNCX)
MFS Mid Cap Growth Fund (Nasdaq:OTCAX), (Nasdaq:OTCBX), (Nasdaq:OTCCX), (Nasdaq:MMCRX), (Nasdaq:MCPRX), (Nasdaq:EAMCX), (Nasdaq:EBCGX), (Nasdaq:ECGRX), (Nasdaq:OTCIX)
MFS New Discovery Fund (Nasdaq:MNDAX), (Nasdaq:MNDBX), (Nasdaq:MNDCX), (Nasdaq:MFNRX), (Nasdaq:MNDRX), (Nasdaq:EANDX), (Nasdaq:EBNDX), (Nasdaq:ECNDX), (Nasdaq:MNDIX)
MFS New Endeavor Fund (Nasdaq:MECAX), (Nasdaq:MECBX), (Nasdaq:MECCX), (Nasdaq:MNERX), (Nasdaq:MENRX), (Nasdaq:MECIX)
MFS Research Fund (Nasdaq:MFRFX), (Nasdaq:MFRBX), (Nasdaq:MFRCX), (Nasdaq:MFRRX), (Nasdaq:MSRRX), (Nasdaq:EARFX), (Nasdaq:EBRFX), (Nasdaq:ECRFX)
MFS Strategic Growth Fund (Nasdaq:MFSGX), (Nasdaq:MSBGX), (Nasdaq:MFGCX), (Nasdaq:MSGRX), (Nasdaq:MSTRX), (Nasdaq:EASGX), (Nasdaq:EBSGX), (Nasdaq:ECSGX), (Nasdaq:MSGIX)
MFS Technology Fund (Nasdaq:MTCAX), (Nasdaq:MTCBX), (Nasdaq:MTCCX), (Nasdaq:MTQRX), (Nasdaq:MTERX), (Nasdaq:MTCIX)
Massachusetts Investors Growth Stock (Nasdaq:MIGFX), (Nasdaq:MIGBX), (Nasdaq:MIGDX), (Nasdaq:MIGRX), (Nasdaq:MIRGX), (Nasdaq:EISTX), (Nasdaq:EMIVX), (Nasdaq:EMICX), (Nasdaq:MGTIX)
MFS Mid Cap Value Fund (Nasdaq:MVCAX), (Nasdaq:MCBVX), (Nasdaq:MVCCX), (Nasdaq:MMVRX), (Nasdaq:MCVRX), (Nasdaq:EACVX), (Nasdaq:EBCVX), (Nasdaq:ECCVX), (Nasdaq:MCVIX)
MFS Research Growth and Income Fund (Nasdaq:MRGAX), (Nasdaq:MRGBX), (Nasdaq:MRGCX), (Nasdaq:MGIRX), (Nasdaq:MRERX), (Nasdaq:MRGRX)
MFS Strategic Value Fund (Nasdaq:MSVTX), (Nasdaq:MSVCX), (Nasdaq:MQSVX), (Nasdaq:MSVRX), (Nasdaq:MVSRX), (Nasdaq:EASVX), (Nasdaq:EBSVX), (Nasdaq:ECSVX), (Nasdaq:MSVLX), (Nasdaq:MISVX)
MFS Total Return Fund (Nasdaq:MSFRX), (Nasdaq:MTRBX), (Nasdaq:MTRCX), (Nasdaq:MFTRX), (Nasdaq:MTRRX), (Nasdaq:EATRX), (Nasdaq:EBTRX), (Nasdaq:ECTRX), (Nasdaq:MTRIX)
MFS Union Standard Equity Fund (Nasdaq:MUEAX), (Nasdaq:MUSBX), (Nasdaq:MUECX), (Nasdaq:MUSEX)
MFS Utilities Fund (Nasdaq:MMUFX), (Nasdaq:MMUBX), (Nasdaq:MMUCX), (Nasdaq:MMURX), (Nasdaq:MURRX), (Nasdaq:MMUIX)
MFS Value Fund (Nasdaq:MEIAX), (Nasdaq:MFEBX), (Nasdaq:MEICX), (Nasdaq:MFVRX), (Nasdaq:MVRRX), (Nasdaq:EAVLX), (Nasdaq:EBVLX), (Nasdaq:ECVLX), (Nasdaq:MEIIX)
Massachusetts Investors Trust (Nasdaq:MITTX), (Nasdaq:MITBX), (Nasdaq:MITCX), (Nasdaq:MITRX), (Nasdaq:MIRTX), (Nasdaq:EAMTX), (Nasdaq:EBMTX), (Nasdaq:ECITX), (Nasdaq:MITIX)
MFS Aggressive Growth Allocation Fund (Nasdaq:MAAGX), (Nasdaq:MBAGX), (Nasdaq:MCAGX), (Nasdaq:MAARX), (Nasdaq:MAWAX), (Nasdaq:EAGTX), (Nasdaq:EBAAX), (Nasdaq:ECAAX), (Nasdaq:MIAGX)
MFS Conservative Allocation Fund (Nasdaq:MACFX), (Nasdaq:MACBX), (Nasdaq:MACVX), (Nasdaq:MACRX), (Nasdaq:MCARX), (Nasdaq:ECLAX), (Nasdaq:EBCAX), (Nasdaq:ECACX), (Nasdaq:MACIX)
MFS Growth Allocation Fund (Nasdaq:MAGWX), (Nasdaq:MBGWX), (Nasdaq:MCGWX), (Nasdaq:MGARX), (Nasdaq:MGALX), (Nasdaq:EAGWX), (Nasdaq:EBGWX), (Nasdaq:ECGWX), (Nasdaq:MGWIX)
MFS Moderate Allocation Fund (Nasdaq:MAMAX), (Nasdaq:MMABX), (Nasdaq:MMACX), (Nasdaq:MAMRX), (Nasdaq:MARRX), (Nasdaq:MAMDX), (Nasdaq:EBMDX), (Nasdaq:ECMAX), (Nasdaq:MMAIX)
MFS Bond Fund (Nasdaq:MFBFX), (Nasdaq:MFBBX), (Nasdaq:MFBCX), (Nasdaq:MFBRX), (Nasdaq:MBRRX), (Nasdaq:EABDX), (Nasdaq:EBBDX), (Nasdaq:ECBDX, (Nasdaq:MBDIX)
MFS Emerging Markets Debt Fund (Nasdaq:MEDAX), (Nasdaq:MEDBX), (Nasdaq:MEDCX), (Nasdaq:MEDIX)
MFS Government Limited Maturity Fund (Nasdaq:MGLFX), (Nasdaq:MGLBX), (Nasdaq:MGLCX)
MFS Government Mortgage Fund (Nasdaq:MGMTX), (Nasdaq:MGTBX), (Nasdaq:MGMIX)
MFS Government Securities Fund (Nasdaq:MFGSX), (Nasdaq:MFGBX), (Nasdaq:MFGDX), (Nasdaq:MGSRX), (Nasdaq:MGVSX), (Nasdaq:EAGSX), (Nasdaq:EBGSX), (Nasdaq:ECGSX)
MFS High Income Fund (Nasdaq:MHITX), (Nasdaq:MHIBX), (Nasdaq:MHICX), (Nasdaq:EAHIX), (Nasdaq:EMHBX), (Nasdaq:EMHCX), (Nasdaq:MHIIX), (Nasdaq:MHIRX)
MFS High Yield Opportunities Fund (Nasdaq:MHOAX), (Nasdaq:MHOBX), (Nasdaq:MHOCX), (Nasdaq:MHOIX)
MFS Intermediate Investment Grade Bond Fund (Nasdaq:MGBFX), (Nasdaq: MGBVX), (Nasdaq:MGBCX), (Nasdaq:MGBEX), (Nasdaq:MIBRX)
MFS Limited Maturity Fund (Nasdaq:MQLFX), (Nasdaq:MQLBX), (Nasdaq:MQLCX), (Nasdaq:EALMX), (Nasdaq:EBLMX), (Nasdaq:ELDCX), (Nasdaq:MLDRX)
MFS Research Bond Fund (Nasdaq:MRBFX), (Nasdaq:MRBBX), (Nasdaq:MRBCX), (Nasdaq:EARBX), (Nasdaq:EBRBX), (Nasdaq:ECRBX), (Nasdaq:MRBIX), (Nasdaq:MRBRX)
MFS Strategic Income Fund (Nasdaq:MFIOX), (Nasdaq:MIOBX), (Nasdaq:MIOCX), (Nasdaq:MFIIX)
MFS Alabama Municipal Bond Fund (Nasdaq:MFALX), (Nasdaq:MBABX)
MFS Arkansas Municipal Bond Fund (Nasdaq:MFARX), (Nasdaq:MBARX)
MFS California Municipal Bond Fund (Nasdaq:MCFTX), (Nasdaq:MBCAX), (Nasdaq:MCCAX)
MFS Florida Municipal Bond Fund (Nasdaq:MFFLX), (Nasdaq:MBFLX)
MFS Georgia Municipal Bond Fund (Nasdaq:MMGAX), (Nasdaq:MBGAX)
MFS Maryland Municipal Bond Fund (Nasdaq:MFSMX), (Nasdaq:MBMDX)
MFS Massachusetts Municipal Bond Fund (Nasdaq:MFSSX), (Nasdaq:MBMAX)
MFS Mississippi Municipal Bond Fund (Nasdaq:MISSX), (Nasdaq:MBMSX)
MFS Municipal Bond Fund (Nasdaq:MMBFX), (Nasdaq:MMBBX)
MFS Municipal Limited Maturity Fund (Nasdaq:MTLFX), (Nasdaq:MTLBX), (Nasdaq:MTLCX)
MFS New York Municipal Bond Fund (Nasdaq:MSNYX), (Nasdaq:MBNYX), (Nasdaq:MCNYX)
MFS North Carolina Municipal Bond Fund (Nasdaq:MSNCX), (Nasdaq:MBNCX), (Nasdaq:MCNCX)
MFS Pennsylvania Municipal Bond Fund (Nasdaq:MFPAX), (Nasdaq:MBPAX)
MFS South Carolina Municipal Bond Fund (Nasdaq:MFSCX), (Nasdaq:MBSCX)
MFS Tennessee Municipal Bond Fund (Nasdaq:MSTNX), (Nasdaq:MBTNX)
MFS Virginia Municipal Bond Fund (Nasdaq:MSVAX), (Nasdaq:MBVAX), (Nasdaq:MVACX)
MFS West Virginia Municipal Bond Fund (Nasdaq:MFWVX), (Nasdaq:MBWVX)
MFS Emerging Markets Equity Fund (Nasdaq:MEMAX), (Nasdaq:MEMCX), (Nasdaq:MEMIX), (Nasdaq:MEMBX)
MFS Global Equity Fund (Nasdaq:MWEFX), (Nasdaq:MWEBX), (Nasdaq:MWECX), (Nasdaq:MWEIX), (Nasdaq:MGERX)
MFS Global Growth Fund (Nasdaq:MWOFX), (Nasdaq:MWOBX), (Nasdaq:MWOCX), (Nasdaq:MWOIX), (Nasdaq:MGLRX)
MFS Global Total Return Fund (Nasdaq:MFWTX), (Nasdaq:MFWBX), (Nasdaq:MFWCX), (Nasdaq:MFWIX), (Nasdaq:MGRRX)
MFS International Growth Fund (Nasdaq:MGRAX), (Nasdaq:MGRBX), (Nasdaq:MGRCX), (Nasdaq:MQGIX)
MFS International New Discovery Fund (Nasdaq:MIDAX), (Nasdaq:MIDBX), (Nasdaq:MIDCX), (Nasdaq:EAIDX), (Nasdaq:EBIDX), (Nasdaq:ECIDX), (Nasdaq:MWNIX), (Nasdaq:MINRX)
MFS International Value Fund (Nasdaq:MGIAX), (Nasdaq:MGIBX), (Nasdaq:MGICX), (Nasdaq:MINIX)
MFS Research International Fund (Nasdaq:MRSAX), (Nasdaq:MRIBX), (Nasdaq:MRICX), (Nasdaq:EARSX), (Nasdaq:EBRIX), (Nasdaq:ECRIX), (Nasdaq:MRSIX), (Nasdaq:MRIRX)
Plaintiff seeks to recover damages on behalf of Class members and is represented by Glancy & Binkow LLP, a law firm with significant experience in prosecuting class actions, and substantial expertise in actions involving corporate fraud.
If you are a member of the Class described above, you may move the Court, not later than February 9, 2004, to serve as lead plaintiff, however, you must meet certain legal requirements. 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 Michael Goldberg, Esquire, of Glancy & Binkow LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9161 or Toll Free at (888) 773-9224 or by e-mail to info@glancylaw.com.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca