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Washington Mutual, Inc. : WM Group of Funds Summary: On November 17, 2008, the Court granted plaintiff Sue Ellen Dumdie's motion to be appointed lead plaintiff and further approved her selection of Finkelstein & Krinsk LLP as lead counsel. On December 12, 2008, the lead plaintiff filed a Second Amended Class Action Complaint.
The class action was filed on behalf of all persons who purchased or acquired shares of Washington Mutual's proprietary mutual funds, the WM Group of Funds. Specifically, the complaint alleges that the Funds' relevant prospectuses failed to disclose payments by the Funds' investment advisor to broker/dealers as part of a "steering" program that compromised broker/dealers' objectivity and created insurmountable, undisclosed conflicts of interest. The complaint alleges that the undisclosed payments were made in addition to and separate from the Funds' 12b-1 fee, and were wrongfully diverted from other fees in violation of Section 12(b) of the Investment Company Act of 1940, Sections 11 and 12(a) of the Securities Act of 1933, Section 10(b) of Securities Exchange Act of 1934, and S.E.C. rules 10b-5 and 10b-10.
INDUSTRY CLASSIFICATION:
SIC Code: 6035
Sector: Financial
Industry: S&Ls/Savings Banks
| COMPANY/ISSUER NAME: | Washington Mutual, Inc. : WM Group of Funds |
| COMPANY/ISSUER TICKER: | WM |
| COMPANY WEBSITE: | http://www.washingtonmutual.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| June Robinson, et. al. v. Washington Mutual, Inc., et. al. | |||||||||||||||||
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| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT | |||
| Class Action Complaint For Violations Of Federal Securities Laws | |||
| Type: Complaint | Date on the document: 8/20/2008 | ||
| First Amended Class Action Complaint For Violation Of The Federal Securities Laws | |||
| Type: Complaint | Date on the document: 9/26/2008 | ||
| Order Granting Sue Ellen Dumdie's Motion For Appointment As Lead Plaintiff, And Approval Of Selection Of Lead Counsel | |||
| Type: Order Appointing LP/LC | Date on the document: 11/17/2008 | ||
| REFERENCE COMPLAINT | |||||||||||||||||
| Sue Ellen Dumdie, et al. v. Washington Mutual, Inc., et al. | |||||||||||||||||
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| DOCUMENTS FOR THE REFERENCE COMPLAINT | |||
| Second Amended Class Action Complaint For Violation Of The Federal Securities Laws | |||
| Type: Complaint | Date on the document: 12/12/2008 | ||
| U.S. District Court Civil Docket | |||
| Type: Docket | Date on the document: 12/12/2008 | ||
| Order On Motion To File Stipulated Dismissal | |||
| Type: Order | Date on the document: 04/07/2009 | ||
| OTHER DOCUMENTS | |||
| Case Name and/or Number: | |||
| Type: | Date on the document: | ||
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