NEW YORK, Oct. 24, 2003 (PRIMEZONE) -- Notice is hereby given that a securities class action lawsuit was filed in the United States District Court for District of Colorado on behalf of purchasers, redeemers, and holders of shares in Janus Capital Group, Inc. (NYSE:JNS), Janus Capital Corporation, Janus Capital Management, LLC, and Janus Investment Fund (collectively, the "Janus Funds") between October 1, 1998 and July 3, 2003, inclusive (the "Class Period").
The following funds are subject to the above class action lawsuit:
Janus Mercury Fund (Nasdaq:JAMRX) Janus High-Yield Fund (Nasdaq:JAHYX) Janus Fund (Nasdaq:JANSX) Janus Enterprise Fund (Nasdaq:JAENX) Janus Olympus Fund (Nasdaq:JAOLX) Janus Global Technology Fund (Nasdaq:JAGTX) Janus Orion Fund (Nasdaq:JORNX) Janus Twenty Fund (Nasdaq:JAVLX) Janus Venture Fund (Nasdaq: JAVTX) Janus Global Life Sciences Fund (Nasdaq:JAGLX) Janus Global Value Fund (Nasdaq:JGVAX) Janus Overseas Fund (Nasdaq:JAOSX) Janus Worldwide Fund (Nasdaq:JAWWX) Janus Balanced Fund (Nasdaq:JABAX) Janus Core Equity Fund (Nasdaq:JAEIX) Janus Growth and Income Fund (Nasdaq:JAGIX) Janus Special Equity Fund (Nasdaq:JSVAX) Janus Risk-Managed Stock Fund (Nasdaq:JRMSX) Janus Mid Cap Value Fund (Nasdaq:JMCVX)(Nasdaq:JMIVX) Janus Small Cap Value Fund (Nasdaq:JSCVX)(Nasdaq:JSIVX) Janus Federal Tax-Exempt Fund (Nasdaq:JATEX) Janus Flexible Income Fund (Nasdaq:JAFIX) Janus Short-Term Bond Fund (Nasdaq:JASBX) Janus Money Market Fund (Nasdaq:JAMXX) Janus Government Money Market Fund (Nasdaq:JAGXX) Janus Tax-Exempt Money Market Fund (Nasdaq:JATXX)
If you purchased Janus Fund securities during the Class Period, you may, no later than November 4, 2003, move the court to serve as a lead plaintiff, provided you meet certain legal requirements. To serve as a Lead Plaintiff, you will be required to sign the Certification, as provided on our website at www.nyclasslaw.com/join.html.
The Complaint alleges that defendants violated the Securities Exchange Act of 1933, the Securities Exchange Act of 1934 and the Investment Advisors Act of 1940 by engaging in illegal and improper trading practices, in concert with certain institutional traders, causing financial injury to the shareholders of the Janus Funds.
Specifically the complaint states that defendants permitted certain favored investors to engage in "timing" of the Janus Funds. Timing is excessive, arbitrage trading undertaken to turn a quick profit. Timing injures ordinary mutual fund investors, who are not allowed to engaged in such practices, and is explicitly acknowledged as improper in the Janus Funds' prospectus.
Plaintiff seeks to recover damages on behalf of all purchasers or acquirers of the Funds during the Class Period. Plaintiff is represented in this class action by the law firm of Bull & Lifshitz, LLP. Bull & Lifshitz, LLP has extensive experience in litigating investor class actions. For more information regarding Bull & Lifshitz, LLP, please view our website at www.nyclasslaw.com.
For an information package (www.nyclasslaw.com/infopackage.html) or if you wish to discuss this action, or have any questions concerning this notice of your rights or interests with respect to this matter, please contact Peter D. Bull, Esq. or Joshua M. Lifshitz, Esq., Bull & Lifshitz, LLP via telephone at (212) 213-6222, via fax at (212) 213-9405 or by email at counsel@nyclasslaw.com