Class Action Lawsuit Filed Against Franklin/Templeton Mutual Fund Companies
A class Action Lawsuit has been filed in the United States District Court for the Northern District of California on behalf of purchasers of Franklin/Templeton Mutual Funds between January 1, 2000 and November 14, 2004, alleged that Franklin Resources, Inc., Franklin Advisers, Inc. and Franklin/Templeton Distributors, Inc. (”Defendants”) violated federal securities laws by paying kickbacks to broker/dealers who sold Franklin/Templeton Mutual Funds.
The complaint charges that Defendants made false and misleading statements in mutual fund prospectuses and other documents by concealing the existence of the kickback arrangement.
If you purchased any Franklin/Templeton Mutual Funds from January 2000 to November 2004, you may be a member of the proposed class.
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from the date of filling the suit.
Filed under Class Action, General Law
You may also like to read
- The Reserve to face class action in New York
- Washington Mutual in Class Action Lawsuit
- $350,000 Class Action Settlement by Washington Mutual Inc.
- $120 Million Class Action Settlement Talks on Hold
- American International Group, Inc. in A Class Action Lawsuit by Purchasers of Oppenheimer Mutual Funds
- Four year old lawsuit against Insurance Co comes to a settlement
- Holocaust Victims Are Finally Going to be Compensated by Austria
- Federal decision saves insurance company from class action lawsuit
- Timberland agreed to pay US $7 million cash fund to settle text spam lawsuit
- Three Title Insurers Will Pay Upto $2.5 Million in Florida Class Action Settlement
