Founded in 1931, The Capital Group Companies, Inc. is one of the oldest investment management companies in the world.
According to a press release dated March 24, 2004, the Complaint alleges that during the Class Period, the Defendants engaged in illegal and improper trading practices, in concert with certain institutional traders, which caused financial injury to the shareholders of the American Mutual Funds. According to the Complaint, the Defendants surreptitiously permitted certain favored investors, including the Doe Defendants, to illegally engage in 'timing' of the American Mutual Funds whereby these favored investors were permitted to conduct short-term, 'in and out' trading of mutual fund shares, despite explicit restrictions on such activity in the American Mutual Funds' prospectuses.
On October 7, 2004 the case was transferred into the District of Maryland and associated with the Multi-District Litigation sub-track 04-MD-15861. On the same date, the Court issued an Order appointing Lead Plaintiff and Counsel.
Lead Plaintiff voluntarily dismissed their claims on February 8, 2005. The Court approved the Plaintiff's stipulated Order of Voluntary Dismissal on February 10.
The case was ordered administratively closed on August 17, 2012.
The following American Funds are part of this class action:
AMCAP Fund (Nasdaq: AMCPX, AMPBX, AMPCX, AMPFX, CAFAX, CAFBX, CAFCX, CAFEX, CAFFX, RAFAX, RAFBX, RAFCX, RAFEX, RAFFX)
American Balanced Fund (Nasdaq: ABALX, BALBX, BALCX, BALFX, CLBAX, CLBBX, CLBCX, CLBEX, CLBFX, RLBAX, RLBBX, RLBCX, RLBEX, RLBFX)
American High-Income Municipal Bond Fund (Nasdaq: ABHFX, ABHMX, AHICX, AMHIX)
American High-Income Trust (Nasdaq: AHITX)
American Mutual Fund (Nasdaq: AMFBX, AMFCX, AMFFX, AMRMX, CMLAX, CMLBX, CMLCX, CMLEX, CMLFX, RMFAX, RMFBX, RMFCX, RMFEX, RMFFX)
The Bond Fund of America (Nasdaq: ABNDX, BFABX, BFACX, BFAFX, CFAAX, CFABX, CFACX, CFAEX, CFAFX, RBFAX, RBFBX, RBFCX, RBFEX, RBFFX)
Capital Income Builder (Nasdaq: CAIBX, CIBBX, CIBCX, CIBFX, CIRAX, CIRBX, CIRCX, CIREX, CIRFX, RIRAX, RIRBX, RIRCX, RIREX, RIRFX)
Capital World Bond Fund (Nasdaq: CCWAX, CCWBX, CCWCX, CCWEX, CCWFX, CWBCX, CWBFX, RCWAX, RCWBX, RCWCX, RCWEX, RCWFX, WBFBX, WBFFX)
Capital World Growth and Income Fund (Nasdaq: CWGBX, CWGCX, CWGFX, CWGIX, CWIAX, CWIBX, CWICX, CWIEX, CWIFX, RWIAX, RWIBX, RWICX, RWIEX, RWIFX)
Europacific Growth Fund (Nasdaq: AEGBX, AEGFX, AEPCX, AEPGX, CEUAX, CEUBX, CEUCX, CEUEX, CEUFX, RERAX, REREBX, RERCX, REREX, RERFX)
American Fundamental Investors (Nasdaq: AFIBX, AFICX, AFIFX, ANCFX, CFNAX, CFNBX, CFNCX, CFNEX, CFNFX, RFNAX, RFNBX, RFNCX, RFNEX, RFNFX)
The Growth Fund of America (Nasdaq: AGRBX, AGTHX, CGFAX, CGFBX, CGFCX, CGFEX, CGFFX, GFACX, GFAFX, RGAAX, RGABX, RGACX, RGAEX, RGAFX)
The Income Fund of America (Nasdaq: AMECX, CIMAX, CIMBX, CIMCX, CIMEX, CIMFX, IFABX, IFACX, IFAFX, RIDAX, RIDBX, RIDCX, RIDEX, RIDFX)
Intermediate Bond Fund of America (Nasdaq: AIBAX, CBOAX, CBOBX, CBOCX, CBOEX, CBOFX, IBFBX, IBFCX, IBFFX, RBOAX, RBOBX, RBOCX, RBOEX, RBOFX)
The Investment Company of America (Nasdaq: AICBX, AICCX, AICFX, AIVSX, CICAX, CICBX, CICCX, CICEX, CICFX, RICAX, RICBX, RICCX, RICEX, RICFX)
Limited Tax-Exempt Bond Fund of America (Nasdaq: LTEBX, LTXBX, LTXCX, LTXFX, RTXFX)
The New Economy Fund (Nasdaq: ANEFX, ANFBX, ANFCX, ANFFX, CNGAX, CNGBX, CNGCX, CNGEX, CNGFX, RNGAX, RNGBX, RNGCX, RNGEX, RNGFX)
New Perspective Fund (Nasdaq: ANWPX, CNPAX, CNPBX, CNPCX, CNPEX, CNPFX, NPFBX, NPFCX, NPFFX, RNPAX, RNPBX, RNPCX, RNPEX, RNPFX)
New World Fund (Nasdaq: CNWAX, CNWBX, CNWCX, CNWEX, CNWFX, NEWBX, NEWCX, NEWFX, NWFFX, RNWAX, RNWBX, RNWCX, RNWEX, RNWFX)
Smallcap World Fund (Nasdaq: CSPAX, CSPBX, CSPCX, CSPEX, CSPFX, RSLAX, RSLBX, RSLCX, RSLEX, RSLFX, SCWBX, SCWCX, SCWFX, SMCWX)
The (Limited Term) Tax-Exempt Bond Fund of America (Nasdaq: LTEBX, LTXBX, LTXCX, LTXFX, RTXFX)
The American Funds Tax-Exempt Fund of California (Nasdaq: TAFTX, TECBX, TECCX, TECFX)
The (American Funds Tax Exempt Series 1) Tax-Exempt Fund of Maryland (Nasdaq: RTMFX, TEMBX, TEMCX, TMDFX, TMMDX)
The (American) Tax-Exempt Fund of Virginia (Nasdaq: RTVFX, TEVBX, TEVCX, TEVFX, TFVAX)
U.S Goverment Securities Fund (Nasdaq: AMUSX)
Washington Mutual Investors Fund (Nasdaq: AWSHX, CWMAX, CWMBX, CWMCX, CWMEX, CWMFX, RWMAX, RWMBX, RWMCX, RWMEX, RWMFX, WSHBX, WSHCX, WSHFX)
The Cash Management Trust of America (Nasdaq: CTAXX)
The Tax-Exempt Money Fund of America (Nasdaq: TEAXX)
The U.S. Treasure Money Fund of America (Nadaq: UTAXX)
