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Case Status:    DISMISSED    
On or around 06/05/2008 (Court's order of dismissal)

Filing Date: December 08, 2006

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 on June 20, 2008. The appeal is currently pending in the Ninth Circuit Court of Appeals.

On April 4, 2007, Judge Gary A. Feess granted the motion to consolidate two related cases under Master File, CV 06-7815-GAF. The Court appointed the Movants as Lead Plaintiffs and approved their selection of Gutride Safier LLP as Lead Counsel. On July 26, 2007, a Consolidated Amended Complaint was filed. The defendants responded by filing a motion to dismiss the Consolidated Amended Complaint on October 26, 2007.

The original complaint alleges that Capital Group Companies, Inc., Capital Research
And Management Co., and American Funds Distributors, Inc ("Defendants") violated federal securities laws by paying kickbacks to broker/dealers who sold American Funds Mutual Funds. The complaint asserts that Defendants made false and misleading statements in mutual fund prospectuses and other documents by concealing the existence of the kickback arrangement. According to the suit, Defendants illegally used investor assets to pay the kickbacks. The complaint asserts violations of the Securities Act of 1933, Securities Exchange Act of 1934, and other laws. Some of the Defendants were previously sued by the California Attorney General who stated that, "the payments are little more than kickbacks to buy preferential treatment. Investors deserve to know that."

The American mutual funds and their respective symbols are as follows:

American Funds Amcap 529 (CAFAX); American Funds Amcap (AMCPX); American Funds American Balanced 529 (CLBAX); American Funds American Balanced (ABALX); American Funds American Hi Inc Tr 529 (CITAX); American Funds American Hi Inc Tr (AHITX); American Funds American Mutual 529 (CMLAX); American Funds American Mutual (AMRMX); American Funds Bond Fund of Amer
529 (CFAAX); American Funds Bond Fund of Amer (ABNDX); American Funds Capital Inc Bldr 529 (CIRAX); American Funds Capital Inc Bldr (CAIBX); American Funds Capital World Bd 529 (CCWAX); American Funds Capital World Bd
(CWBFX); American Funds Capital World G/I 529 (CWIAX); American Funds Capital World G/I (CWGIX); American Funds EuroPacific Gr 529 (CEUAX); American Funds EuroPacific Gr (AEPGX); American Funds Fundamental Invs 529 (CFNAX); American Funds Fundamental Invs (ANCFX); American Funds Grth Fund of Amer
529 (CGFAX); American Funds Grth Fund of Amer (AGTHX); American Funds High-Inc Muni Bond (AMHIX); American Funds Inc Fund of Amer 529 (CIMAX); American Funds Inc Fund of Amer (AMECX); American Funds Intm Bd Fd of Amer
(AIBAX); American Funds IntmBd Fd of Amer 529 (CBOAX); American Funds Invmt Co of Amer 529 (CICAX); American Funds Invmt Co of Amer (AIVSX); American Funds Ltd-Terrn Tax-Ex Bd (RTXFX); American Funds New Economy 529
(CNGAX); American Funds New Economy (ANEFX); American Funds New Perspective 529 (CNPAX); American Funds New Perspective (ANWPX); American Funds New World 529 (CNWAX); American Funds New World (NEWFX); American Funds Smallcap World 529 (CSPAX); American Funds Smallcap World
(SMCWX); American Funds Tax-Exempt Bond (AFTEX); American Funds Tax-Exempt Fund V A; (TFVAX); American Funds Tax-Exempt Fund CA (TAFTX); American Funds US Government See 529 (CGTAX); American Funds Tax-Exempt Fund MD (TMMDX); American Funds US Government Sec (AMUSX); American Funds Washington Mutual 529 (CWMAX); American Funds Washington Mutual
(AWSHX)

COMPANY INFORMATION:

Sector: Financial
Industry: Other (Mutual Fund)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol:
Company Market: Open-end Fund
Market Status: Open-end Fund

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: C.D. California
DOCKET #: 06-CV-07815
JUDGE: Hon. Florence-Marie Cooper
DATE FILED: 12/08/2006
CLASS PERIOD START: 01/01/2000
CLASS PERIOD END: 03/23/2005
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Brower Piven (Baltimore)
    The World Trade Center-Baltimore. 401 East Pratt Street, Suite 2525, Brower Piven (Baltimore), MD
    410.332.0030 410.685.1300 · info@browerpiven.com
  2. Brower Piven (New York)
    488 Madison Avenue. Eighth Floor, Brower Piven (New York), NY 10022
    212.501.9000 212.501.0300 · info@browerpiven.com
  3. Gutride Safier LLP (New York)
    230 Park Avenue, Suite 963, Gutride Safier LLP (New York), NY 10169
    212.579.4625 212.253.4272 · info@gutridesafier.com
  4. Gutride Safier LLP (San Francisco)
    835 Douglass Street, Gutride Safier LLP (San Francisco), CA 94114
    212.579.4625 212.253.4272 · info@gutridesafier.com
No Document Title Filing Date
COURT: C.D. California
DOCKET #: 06-CV-07815
JUDGE: Hon. Florence-Marie Cooper
DATE FILED: 07/26/2007
CLASS PERIOD START: 01/01/2000
CLASS PERIOD END: 03/23/2005
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Gutride Safier LLP (New York)
    230 Park Avenue, Suite 963, Gutride Safier LLP (New York), NY 10169
    212.579.4625 212.253.4272 · info@gutridesafier.com
  2. Gutride Safier LLP (San Francisco)
    835 Douglass Street, Gutride Safier LLP (San Francisco), CA 94114
    212.579.4625 212.253.4272 · info@gutridesafier.com
No Document Title Filing Date
No Document Title Filing Date