NEW YORK, Oct. 30, 2003 (PRIMEZONE) -- Kaplan Fox & Kilsheimer LLP (kaplanfox.com) filed a class action lawsuit against Strong Financial Corporation, Strong Capital Management, Inc., Strong Growth Fund (Nasdaq:SGROX), Strong Large Cap Growth Fund (Nasdaq:STRFX), Strong Growth 20 Fund (Nasdaq:SGRTX), Strong Advisor Mid Cap Growth Fund (Nasdaq:SMDCX) and Strong Dividend Income Fund (Nasdaq:SDVIX), in the State of Wisconsin Circuit Court, Waukesha County. This suit is brought on behalf of all holders, other than defendants, of the above listed Strong mutual funds during the time period of November 26, 2002 through September 18, 2003, inclusive (the "Class Period").
The complaint alleges that Defendants breached their fiduciary duty to fund investors by allowing certain hedge funds and other select investors to engage in a practice referred to as "market timing" (or rapid in and out trades) to the financial detriment of their mutual fund investors. It is alleged that defendants engaged in this wrongful activity in exchange for substantial fees and other income for themselves and their affiliates.
Plaintiff seeks to recover damages on behalf of the proposed Class and is represented by Kaplan Fox & Kilsheimer LLP. Our firm, with offices in New York, San Francisco, Chicago and New Jersey, has more than 30 years of experience prosecuting investor class actions and actions involving financial fraud. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com .
If you have any questions about this Notice, the action, your rights, or your interests, please e-mail us at mail@kaplanfox.com or contact: