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Case Status:    SETTLED
On or around 11/13/2012 (Date of order of final judgment)

Filing Date: February 13, 2004

On October 25, 2012, the Order approving fees and expense per stipulation of settlement was signed by The Hon. J. Frederick Motz.
Proceedings against Bank of America, the acquirer of FleetBoston, have been stayed pending settlement discussion and approval. No further actions have been taken as of December 17, 2007.

Stipulation of Settlement 9/14/2007.

According to a press release dated August 8, 2006, Bank of America said in its filing Tuesday that it has agreed to pay $9.6 million to settle lawsuits over allegations of improper trading in Columbia mutual funds acquired in the 2004 FleetBoston Financial Corp. acquisition. The settlement requires court approval.

In June 2004, the case first filed in the U.S. District Court for the District of Massachusetts was transferred by the order from the Judicial Panel on Multidistrict Litigation to the District of Maryland and associated under case 04-md-15863.

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, certain of the defendants failed to disclose that they improperly allowed certain favored investors 'timing' of the Funds' securities. Timing is excessive, arbitrage trading undertaken to turn a quick profit and which ordinary investors are told that the funds police. Timing injures ordinary mutual fund investors -- who are not allowed to engage in such practices -- and are acknowledged as improper practices by the Funds. In return for receiving extra fees from favored investors, FleetBoston, Columbia Group, Columbia Management, Columbia Wanger, and Columbia Distributor allowed and facilitated timing activities in the Funds, to the detriment of class members, who paid, dollar for dollar, for improper profits made by privileged investors. These practices were undisclosed in the prospectuses of the Funds, which falsely represented that the Funds actively police against timing and that premature redemptions will be assessed a charge.

The Funds, and the symbols for the respective Funds named in the complaint, are as follows:

Columbia Acorn Fund (LACAX, LACBX, LIACX, ACRNX)
Columbia Acorn Select (LTFAX, LTFBX, LTFCX, ACTWX)
Columbia Asset Allocation Fund (LAAAX, LAABX, LAACX, GBAAX, GAAAX, GAATX)
Columbia Balanced Fund (CBLAX, CBLBX, CBLCX, CBLDX, CBALX)
Columbia Common Stock Fund (CMSAX, CMSBX, CCSCX, CMSDX, CMSTX)
Columbia Disciplined Value Fund (LEVAX, LEVBX, LEVCX, GEVBX, GALEX, GEVTX)
Columbia Dividend Income Fund (LBSAX, LBSBX, LBSCX, GEQBX, GEQAX, GSFTX)
Columbia Growth & Income Fund (CFGAX, CFGBX, CFGDX, LGISX)
Columbia Growth Stock Fund (CGSAX, CGSBX, CGSCX, SRFSX)
Columbia Large Cap Core Fund (LCCAX, LCCBX, LCCCX, GGRBX, SGIEX, SMGIX)
Columbia Large Cap Growth Fund (LEGAX, LEGBX, LEGCX, GBEGX, GAEGX, GEGTX)
Columbia Large Company Index Fund (LLIAX, LLIBX, LLICX, ILCIX)
Columbia Liberty Fund (COLFX, CCFBX, CTCCX, CTCFX)
Columbia Mid Cap Value Fund (COLGX, COGBX, CSVCX, LSVSX)
Columbia Real Estate Equity Fund (CREAX, CREBX, CRECX, CREDX, CREEX)
Columbia Small Cap Growth Fund (CMSCX)
Columbia Small Cap Value Fund (CSMIX, CSSBX, CSSCX, CSCZX)
Columbia Small Company Equity Fund (LSEAX, LSEBX, LSECX, GERBX, GASEX, GSETX)
Columbia Small Company Index Fund (LBIAX, LBIBX, LBICX, ISCIX)
Columbia Strategic Investor Fund (CSVAX, CSVBX, CSRCX, CSVDX, CSVFX)
Columbia Tax-Managed Aggressive Growth Fund (LTMAX, LTAGX, LTACX, LTAZX)
Columbia Tax-Managed Growth Fund (STMAX, CTMBX, CTMCX, LMGZX)
Columbia Tax-Managed Growth Fund II (LTGAX, LTIIX, LTGCX, LTGZX)
Columbia Tax-Managed Value Fund (SRVAX, CTMVX, LTVCX, LTMZX)
Columbia Technology Fund (CTCAX, CTCBX, CTHCX, CTCDX, CMTFX)
Columbia Thermostat Fund (CTFAX, CTFBX, CTFDX, COTZX)
Columbia Utilities Fund (CUTLX, CUTBX, CUTFX, LUFZX)
Columbia Young Investor Fund (LYIAX, LYIBX, LYICX, SRYIX)
Columbia Acorn International Fund (LAIAX, LIABX, LAICX, ACINX)
Columbia Acorn International Select Fund (LAFAX, LFFBX, LFFCX, ACFFX)
Columbia Europe Fund (NEUAX, LNEBX, LNECX, LNEZX)
Columbia European Thematic Equity Fund (LSREX)
Columbia Global Equity Fund (CGUAX, CGUBX, CGUCX)
Columbia Global Thematic Equity Fund LSRGX
Columbia International Equity Fund (LIEAX, LIEBX, LIECX, GBIEX, GAIEX, GIETX)
Columbia International Stock Fund (CISAX, CISBX, CSKCX, CISDX, CMISX)
Columbia Newport Asia Pacific Fund (NWAPX, LNABX, LNACX, LAPSX)
Columbia Newport Japan Opportunities Fund (NJOAX, NJOBX, NJOCX, LNJZX)
Columbia Newport Greater China Fund (NGCAX, NGCBX, NGCCX, LNGZX)
Columbia Newport Tiger Fund (CNTAX, CNTBX, CNTDX, CNTTX, CNTZX)
Columbia Contrarian Income Fund (CHINX, LCIBX, LCICX, LCIZX)
Columbia Corporate Bond Fund (LBCAX, LBCBX, LBCCX, GCBTX)
Columbia Daily Income Company Fund CDIXX
Columbia Federal Securities Fund (CFSAX, CFSOX, CFSCX, LFSZX)
Columbia Fixed Income Securities Fund (CFIAX, CFIBX, CISCX, CFIDX, CFISX)
Columbia Floating Rate Advantage Fund (XSFRX, XSFBX, XLACX, XLAZX)
Columbia Floating Rate Fund (XLFAX, XLSBX, XLFCX, XLFZX)
Columbia High Yield Fund (CHGAX, CHGBX, CHDCX, CHGDX, CMHYX)
Columbia High Yield Opportunity Fund (COLHX, COHBX, CHYCX, LHYZX)
Columbia Income Fund (LIIAX, CIOBX, CIOCX, SRINX)
Columbia Intermediate Bond Fund (LIBAX, LIBBX, LIBCX, SRBFX)
Columbia Intermediate Government Income Fund (LIGAX, LIGBX, LIGCX, GGIBX, GALBX, GIBTX)
Columbia Money Market Fund (CMMXX, CMBXX, CMCXX, LMZXX)
Columbia Quality Plus Bond Fund (LQPAX, LQPBX, LQPCX, GBHQX, GAHQX, GHQTX)
Columbia Strategic Income Fund (COSIX, CLSBX, CLSCX, LSIZX)
Columbia US Treasury Index Fund (LUTAX, LUTBX, LUTCX, IUTIX)
Columbia California Tax-Exempt Fund (CLMPX, CCABX, CCAOX)
Columbia Connecticut Intermediate Municipal Bond (LCTAX, LCTBX, LCTCX, GCBBX, GCBAX, SCTEX)
Columbia Connecticut Tax-Exempt Fund (COCTX, CCTBX, CCTCX)
Columbia Florida Intermediate Municipal Bond Fund (LFIAX, LFIBX, LFICX, SFTEX)
Columbia High Yield Municipal Fund (LHIAX, CHMBX, CHMCX, SRHMX)
Columbia Intermediate Tax-Exempt Bond Fund (LITAX, LITBX, LITCX, GIMBX, GIMAX, SETMX)
Columbia Managed Municipals Fund (LMMAX, LMMBX, LMMCX, SRMMX)
Columbia Massachusetts Intermediate Municipal Bond Fund (LMIAX, LMIBX, LMICX, GMBBX, GMBAX, SEMAX)
Columbia Massachusetts Tax-Exempt Fund (COMAX, CMABX, COMCX)
Columbia Municipal Money Market Fund (CXMXX, CMNXX, CMXXX, CMZXX)
Columbia National Municipal Bond Fund (CNLAX, CNLBX, CNBCX, CNLDX, CLNMX)
Columbia New Jersey Intermediate Municipal Bond Fund (LNIAX, LNIBX, LNICX, GNJBX, GNJAX, GNJTX)
Columbia New York Intermediate Municipal Bond Fund (LNYAX, LNYBX, LNYCX, GBNYX, GANYX, GNYTX)
Columbia New York Tax-Exempt Fund (COLNX, CNYBX, CNYCX)
Columbia Oregon Municipal Bond Fund (COEAX, COEBX, CORCX, COEDX, CMBFX)
Columbia Pennsylvania Intermediate Municipal Bond Fund (LPIAX, LPIBX, LPICX, GTPAX)
Columbia Rhode Island Intermediate Municipal Bond Fund (LRIAX, LRIBX, LRICX, GRBBX, GRBAX, GRITX)
Columbia Tax-Exempt Fund (COLTX, CTEBX, COLCX)
Columbia Tax-Exempt Insured Fund (CEXIX, CEIBX, CEINX)


Sector: Financial
Industry: Money Center Banks
Headquarters: United States


Ticker Symbol: FBF
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Maryland
DOCKET #: 04-CV-10315
JUDGE: Hon. Patti B. Saris
DATE FILED: 02/13/2004
CLASS PERIOD END: 01/14/2004
  1. Cauley Geller Bowman Coates & Rudman, LLP (New York)
    200 Broadhollow, Suite 406, Cauley Geller Bowman Coates & Rudman, LLP (New York), NY 11747
    631.367.7100 631.367.1173 ·
  2. Glancy Binkow & GoldBerg LLP
    1925 Century Park East, Suite 2100, Glancy Binkow & GoldBerg LLP, CA 90067
    310-201-9150 ·
  3. Law Offices of Charles J. Piven, P.A.
    World Trade Center-Baltimore,401 East Pratt Suite 2525, Law Offices of Charles J. Piven, P.A., MD 21202
    410.332.0030 ·
  4. Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)
    One Pennsylvania Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY), NY 10119-1065
    212.594.5300 ·
  5. Moulton & Gans LLP
    133 Federal Street, Moulton & Gans LLP, MA 2110
    617.369.7979 ·
  6. Murray, Frank & Sailer LLP
    275 Madison Ave 34th Flr, Murray, Frank & Sailer LLP, NY 10016
    212.682.1818 212.682.1892 ·
  7. Spector Roseman & Kodroff (San Diego)
    1818 Market Street, Suite 2500, Spector Roseman & Kodroff (San Diego), PA 19103
    215.496.0300 215.496.6611 ·
No Document Title Filing Date
COURT: D. Maryland
JUDGE: Hon. Patti B. Saris
DATE FILED: 09/30/2004
CLASS PERIOD END: 07/03/2003
  1. Goodkind Labaton Rudoff & Sucharow LLP
    100 Park Avenue, Goodkind Labaton Rudoff & Sucharow LLP, NY 10017
    212.907.0700 212.818.0477 ·
  2. Labaton Sucharow & Rudoff LLP
    100 Park Avenue, 12th Floor, Labaton Sucharow & Rudoff LLP, NY 10017
    212.907.0700 212.818.0477 ·
  3. Milberg Weiss Bershad & Schulman LLP (New York)
    One Pennsylvania Plaza, 49th Floor, Milberg Weiss Bershad & Schulman LLP (New York), NY 10119
    212.594.5300 212.868.1229 ·
  4. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 ·
  5. Wolf Haldenstein Adler Freeman & Herz LLP (New York)
    270 Madison Avenue, Wolf Haldenstein Adler Freeman & Herz LLP (New York), NY 10016
    212.545.4600 212.686.0114 ·
  6. Wolf Popper, LLP
    845 Third Avenue, Wolf Popper, LLP, NY 10022-6689
    877.370.7703 212.486.2093 ·
No Document Title Filing Date
No Document Title Filing Date