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| DESCRIPTION OF THE LITIGATION
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MDL-1586, In re Mutual Funds Investment Litigation, was assigned to the District of Maryland by the Judicial Panel on Multidistrict Litigation on February 20, 2004. It consists of actions brought against mutual fund managers and involves common questions pertaining to allegations of "late trading" and "market timing" in the mutual fund industry. Plaintiffs assert claims for violations of the federal securities laws, the Investment Company Act of 1940, the Investment Advisers Act of 1940, and various common law torts.
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Three transferee judges have been assigned: Judge Catherine C. Blake, Judge Andre Davis, and Judge J. Frederick Motz.
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