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Class Action Filed On Behalf Of Dreyfus Aggressive Growth Investors.


NEW YORK--(BUSINESS WIRE)--July 17, 1998--On June 19, 1998, a class action was commenced on behalf of investors in the Dreyfus Aggressive Growth Fund and Premier Aggressive Growth Fund against Dreyfus Corp., Michael L. Schonberg and others alleging violations of the Investment Company Act of 1940, breaches of fiduciary duties Noun 1. fiduciary duty - the legal duty of a fiduciary to act in the best interests of the beneficiary
legal duty - acts which the law requires be done or forborne
 and misrepresentation misrepresentation

In law, any false or misleading expression of fact, usually with the intent to deceive or defraud. It most commonly occurs in insurance and real-estate contracts. False advertising may also constitute misrepresentation.
. The complaint alleges, among other things, that Schonberg enjoyed an undisclosed relationship with the New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 brokerage of Janssen- Meyers Associates which was exploited to the benefit of Schonberg at the expense of the funds' investors. Since 1996, the funds have consistently performed poorly as a result of defendants' misbehavior, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the complaint.

Plaintiffs are represented by the law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
 of Shalov Stone & Bonner in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 and Spector & Roseman, P.C. in Philadelphia, which have extensive experience in the prosecution of class actions on behalf of investors.

If you would like to participate in this action or would like additional information about the lawsuit, please contact Shalov Stone & Bonner (Ralph M. Stone), 70 West 36th Street, Suite 1404, New York, New York 10018 (telephone: 212-268-2727) or Spector & Roseman, P.C. (Jeffrey L. Kodroff), 2000 Market Street, 12th Floor, Philadelphia, Pennsylvania 19103 (telephone: 215-864-2400).

    CONTACT: Shalov Stone & Bonner, New York
              Ralph M. Stone
              212/268-2727


COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Article Type:Article
Geographic Code:1USA
Date:Jul 17, 1998
Words:210
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