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Case Status:    DISMISSED    
On or around 02/10/2005 (Other)

Filing Date: March 24, 2004

On June 5, 2008, Judge Gary A. Feess granted the motion to dismiss the Consolidated Amended Complaint with prejudice. The plaintiffs filed a Notice of Appeal to the Ninth Circuit Court of Appeals on June 20, 2008.

On July 30, 2004 the case was transferred into the District of Maryland and associated with the Multi-District Litigation sub-track 04-md-15861. Discovery is continuing, otherwise no material events have occurred as of December 17, 2007

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.

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)

COMPANY INFORMATION:

Sector: Financial
Industry: Investment Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol:
Company Market: ETF
Market Status: Privately Held

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-2335
JUDGE: Hon. Shira A. Scheindlin
DATE FILED: 03/24/2004
CLASS PERIOD START: 01/22/1999
CLASS PERIOD END: 11/25/2003
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Spector Roseman & Kodroff (San Diego)
    1818 Market Street, Suite 2500, Spector Roseman & Kodroff (San Diego), PA 19103
    215.496.0300 215.496.6611 ·
  2. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
No Document Title Filing Date
COURT: D. Maryland
DOCKET #: 04-CV-02283
JUDGE: Hon. Shira A. Scheindlin
DATE FILED: 07/30/2004
CLASS PERIOD START:
CLASS PERIOD END:
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Labaton Sucharow LLP
    140 Broadway, Labaton Sucharow LLP, NY 10005
    212.907.0700 212.818.0477 · info@labaton.com
No Document Title Filing Date