Strong Financial Corporation is an American financial services firm.

The Complaint alleges that Defendants violated Sections 11 and 15 of the Securities Act of 1933; Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder; and Section 206 of the Investment Advisers Act of 1940. The Complaint charges that, throughout the Class Period, Defendants failed to disclose that they improperly allowed certain hedge funds, such as Canary, to engage in the "timing" of their transactions in the Funds' securities. Timing is excessive, arbitrage trading undertaken to turn a quick profit. Timing injures ordinary mutual fund investors -- who are not allowed to engage in such practices -- and is acknowledged as an improper practice by the Funds. In return for receiving extra fees from Canary and other favored investors, Strong Financial and its subsidiaries allowed and facilitated Canary's timing activities, to the detriment of class members, who paid, dollar for dollar, for Canary's improper profits. These practices were undisclosed in the prospectuses of the Funds, which falsely represented that the Funds actively police against timing.

NOTE: The lawsuit of Wisconsin was filed on behalf of all purchasers, redeemers and holders of shares of the Strong Growth Fund, Strong Large-Cap Growth Fund , Strong Growth 20 Fund , Strong Advisor Mid-Cap Growth Fund , Strong Dividend Income Fund , and other funds managed by Strong Capital Management, Inc. between October 26, 2002 and September 3, 2003 (the "Class Period").

In March 2004, all actions were transferred to the U.S. District Court for the District of Maryland for coordinated or consolidated pretrial proceedings in MDL 1586.

On September 30, 2004, a Consolidated Amended Complaint was filed.

On October 13, 2004 Defendants T. Rowe Price were voluntarily dismissed. An amended Complaint against the Invesco Funds Group was filed on December 7, 2004. Several motions to dismiss the September 30, 2004 Complaints were filed in February and March of 2005.

On March 17, 2006 Defendant Bank of America Corporation was dismissed without prejudice from the mutual funds class action.

On October 19, 2007 the three judges over-seeing the mutual funds sub-tracks submitted an order denying Defendants’ motions to dismiss for “lack of standing”.

According to the docket dated November 5, 2007, discovery proceeded in the multi-district mutual funds litigation. Simultaneously, some of the Defendants have been involved in settlement discussions with the Plaintiffs. This settlement process has been impacted by parallel regulatory proceedings occurring at the Securities and Exchange Commission (“SEC”). Nevertheless, the court has been advised that several settlements have been agreed upon in principle. Additionally, numerous individuals and firms have been voluntarily dismissed by Plaintiffs throughout 2005 and 2006. On June 11, 2007, the over-seeing judges issued a scheduling order calling for completion of discovery by March 28, 2008.

On May 29, 2009, the Final Stipulation was signed, based on Stipulation dated April 22, 2010.

On October 25, 2010 The Hon. Catherine C. Blake signed the Final Order and Judgment.

A number of putative stockholder class action lawsuits were filed in the United States District Court for the District of New Jersey, the United States District Court for the Southern District of New York and in United States District Court for the Eastern District of Wisconsin against Defendants Strong Financial, Strong Capital Management, Inc., and each of the Funds' registrants and issuers. The Funds, and the symbols for the respective Funds are named as follows:

Strong Advisor Bond Fund (SVBDX, SADBX, SABCX, SIBNX, F008W1, SBDIX);
Strong Advisor Municipal Bond Fund (SAMAX, SMBBX, F00BH8);
Strong Advisor Municipal Select Fund (SMUIX, STAEX, F005LZ, F005M9);
Strong Advisor Short Duration Bond A Fund (STSDX, SSDKX, SSHCX, STGBX);
Strong Advisor Common Stock Fund (SCSAX, SCSKX, STSAX, STCSX);
Strong Advisor Endeavor Large Cap Fund (STALX, F008GO);
Strong Advisor Focus Fund (F005MO, F005M7, F005LT);
Strong Advisor International Core Fund (F008GQ, F008GR, F008GS);
Strong Advisor Large Company Core Fund (SLGAX, F00AO2, F00AO3, SLCKX);
Strong Advisor Mid-Cap Growth Fund (F005LQ, F005M1, F005LO, SMDCX);
Strong Advisor Small Cap Value Fund (SMVAX, SMVBX, SMVCX, SSMVX);
Strong Advisor Strategic Income Fund (SASAX, F005L7, SASCX Strong Advisor Technology Fund (SASCX, F005LM, F005LM);
Strong Advisor U.S. Small/Mid Cap Growth Fund (F009D0, F009D1);
Strong Advisor U.S. Value (F005M2, F005M5, F005MA, SEQKX, SEQIX);
Strong Advisor Utilities and Energy Fund (SUEAX, F00AED, F00AEE, F009D5);
Strong All Cap Value Fund (F009D5);
Strong Asia Pacific Fund (SASPX);
Strong Balanced Fund (STAAX);
Strong Blue Chip Fund (SBCHX);
Strong Discovery Fund (STDIX);
Strong Dividend Income Fund (SDVIX, F008VY);
Strong Dow 30 Value Fund (SDOWX);
Strong Endeavor Fund (SENDX);
Strong Energy Fund (SENGX);
Strong Enterprise Fund (SENAX, F04ANX, SENTX, SEPKX);
Strong Growth & Income Fund (SGNAX, SGNIX, SGRIX, SGIKX);
Strong Growth 20 Fund (SGTWX, SGRTX, SGRAX, F00B67, SGRNX);
Strong Growth Fund (SGROX, SGRKX);
Strong Index 500 Fund (SINEX);
Strong Large Cap Core Fund (SLCRX);
Strong Large Cap Growth Fund (STRFX);
Strong Large Company Growth Fund (SLGIX, F04ANY);
Strong Mid Cap Disciplined Fund (SMCDX);
Strong Multi-Cap Value Fund (SMTVX);
Strong Opportunity Fund (SOPVX, SOPFX, F00AH2);
Strong Overseas Fund (F00B4I, SOVRX);
Strong Small Company Value Fund (F009D3);
Strong Technology 100 Fund (STEKX);
Strong U.S. Emerging Growth Fund (SEMRX);
Strong Value Fund (STVAX);
Strong Life Stages - Aggressive Portfolio Fund (SAGGX);
Strong Life Stages - Conservative Portfolio Fund (SCONX);
Strong Life Stages - Moderate Portfolio Fund (SMDPX);
Strong Corporate Bond Fund (SCBDX, SCBNX, STCBX);
Strong Corporate Income Fund (SCORX);
Strong High-Yield Bond Fund (SHBAX, SHYYX, STHYX);
Strong Government Securities Fund (SGVDX, F00B66, SGVIX, STVSX);
Strong High-Yield Municipal Bond Fund (SHYLX);
Strong Intermediate Municipal Bond Fund (SIMBX);
Strong Municipal Bond Fund (SXFIX);
Strong Minnesota Tax-Free Fund (F00B64, F00B65, F00B63 Strong Wisconsin Tax-Free Fund (F0068K);
Strong Short-Term High-Yield Municipal Bond Fund (SSHMX, SSTHX, STHBX);
Strong Short-Term Municipal Bond Fund (F00B62, STSMX);
Strong Short-Term Income Fund (F00B1K);
Strong Short-Term Bond Fund (SSTVX, SSHIX, SSTBX);
Strong Ultra Short-Term Income Fund (SADAX, SADIX, STADX);
Strong Ultra Short-Term Municipal Income Fund (SMAVX, SMAIX, SMUAX);
Strong Florida Municipal Money Market Fund (SLFXX);
Strong Heritage Money Fund (SHMXX);
Strong Money Market Fund (SMNXX);
Strong Municipal Money Market Fund (SXFXX);
Strong Tax-Free Money Fund (STMXX)