BALTIMORE, Jan. 28, 2004 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. announces that a class action lawsuit has been filed in the United States District Court for the District of Arizona on behalf of all persons who purchased or otherwise acquired shares or other ownership units of certain mutual funds between May 22, 2000 and July 3, 2003, inclusive.
The mutual funds that are the subject of this lawsuit include, but are not limited to, the following:
Janus Worldwide Fund (JAWWX)
American Funds EuroPacific Fund (AEPGX)
MFS Emerging Growth Fund (MFEGX)
Legg Mason Value Trust Fund (LMVTX)
Artisan International Fund (ARTIX)
AXP International Y Fund (IDIYX)
SEI International Equity A Fund (SEITX)
SEI Emerging Markets I Fund (SIEMX)
The wrongful conduct alleged in and which is the subject of the lawsuit relates to "timing." As used, "timing" is an investment technique involving short-term, "in and out" trading of mutual fund shares to turn a quick profit. The lawsuit alleges that timing injures ordinary mutual fund investors who are not allowed to engage in such practices and benefits the mutual fund companies.
No class has yet been certified in the lawsuit. Until a class is certified, you are not represented unless you retain an attorney. If you are a member of the proposed class, meaning you are one who purchased any of the mutual funds referenced herein during the Class Period, you may be eligible to serve as a plaintiff. To be a member of the class, if certified, you need not take any action at this time. You may retain counsel of your choice. If you bought shares of any of the funds between May 22, 2000 and July 3, 2003, inclusive, and you wish to serve as lead plaintiff, a motion must be filed with the Court no later than February 23, 2004.
If you are one who purchased any of the mutual funds referenced above during the Class Period and want to discuss your legal rights, or if you have information or questions about other mutual fund companies being investigated for improper conduct, you may e-mail or call Law Offices Of Charles J. Piven, P.A. who will, without obligation or cost to you, attempt to answer your questions. Law Offices Of Charles J. Piven has been involved in securities litigation for over ten years. You may contact Law Offices Of Charles J. Piven, P.A. at The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202, by email at hoffman@pivenlaw.com or by calling 410/986-0036.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.