Stull, Stull & Brody Announces Class Action on Behalf of Purchasers of the RS Family of Mutual Funds.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 -- Notice is hereby given that a class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax was filed on November 30, 2004, in the United States District Court for the District of Maryland The United States District Court for the District of Maryland is the Federal district court whose jurisdiction is the state of Maryland. Notable judges in this district include William Paca, a signer of the United States Declaration of Independence. , on behalf of all purchasers, redeemers The "Redeemers" were a political coalition in the Southern United States during the Reconstruction era, who sought to overthrow the Radical Republican coalition of Freedmen, carpetbaggers and Scalawags. and holders of shares of the RS family of mutual funds (collectively, the "RS Funds"), which are managed by RS Investment Management, L.P., between October 6, 1999 and October 5, 2004 (the "Class Period"). The following RS Funds are subject to this lawsuit: RS Diversified Growth Fund (Nasdaq: RSDGX) RS Emerging Growth Fund (Nasdaq: RSEGX) RS Growth Fund (Nasdaq: RSVPX) RS Information Age Fund (Nasdaq: RSIFX) RS Internet Age Fund (Nasdaq: RIAFX) RS Midcap Opportunities Fund (Nasdaq: RSMOX) RS Smaller Company Growth Fund (Nasdaq: RSSGX) RS Contrarian Value Fund (Nasdaq: RSCOX) RS Global Natural Resources Fund (Nasdaq: RSNRX) RS Partner Fund (Nasdaq: RSPFX) The complaint charges defendants RS Investment Trust, RS Investment Management, L.P., G. Randall Hecht, Steven M. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , James L. Callinan, and the John Doe John Doe formerly, any plaintiff; now just anybody. [Am. Pop. Usage: Brewer Dictionary, 329] See : Everyman Defendants with violations of the Securities Act of 1933 (the "Securities Act")and the Securities Exchange Act of 1934 (the "Exchange Act"). The Complaint alleges that during the Class Period the defendants engaged in illegal and improper trading practices, in concert with certain institutional traders, which caused financial injury to the shareholders of the RS Funds. 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, the Defendants surreptitiously sur·rep·ti·tious adj. 1. Obtained, done, or made by clandestine or stealthy means. 2. Acting with or marked by stealth. See Synonyms at secret. permitted certain favored investors, including the John Doe Defendants, to illegally engage in "timing" of the RS Funds whereby these favored investors were permitted to conduct short-term, "in and out" trading of mutual fund shares, despite explicit restrictions on such activity in the RS Funds' prospectuses. Plaintiff seeks to recover damages on behalf of class members and is represented by, among others, the law firm of Stull, Stull & Brody. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 30 years and has obtained court approval of substantial settlements on numerous occasions. If you are a member of the class described above, you may, no later than sixty days from today, request the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in this action. If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Tzivia Brody, Esq. at Stull, Stull & Brody by calling toll-free 1-800-337-4983, or by e-mail at SSBNY@aol.com, or by fax at 212/490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You may also visit our website at www.ssbny.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion