NEW YORK, Sept. 15, 2004 (PRIMEZONE) -- The Pomerantz Firm (www.pomerantzlaw.com) was recently appointed as lead counsel in four nationwide mutual fund derivative litigations involving allegations of "market timing" and "late trading." The Firm has primary responsibility in those cases involving the Putnam, Alliance, MFS and Federated families of funds. The firm is seeking not only compensation for the damages directly caused by the market timing, but also to recover the hundreds of millions of dollars of fees the funds paid out to their advisors, without being told of their advisors' complicity in these activities. Consolidated complaints are due to be filed in all four of these actions on September 29, 2004. If you purchased securities in any of these funds and would like more information or to discuss the case, please contact Andrew G. Tolan, Esq. of the Pomerantz Firm at 888.476.6529 or at agtolan@pomlaw.com. Those who inquire by email are encouraged to include their mailing address and telephone number.
The Pomerantz Firm takes pride in providing high quality and personalized client service. It has a long tradition of successfully representing individual investors, as well as major institutional, financial, and associational clients. The Firm has maintained a nationally renowned reputation, and its lawyers' excellence has been recognized by courts around the country.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.