Case Page

 

Case Status:    SETTLED
On or around 11/30/2016 (Other)

Filing Date: April 08, 2010

According to the complaint filed April 08, 2010, The Defendants misled investors via the Funds’ S.E.C. filings and marketing materials by comparing their closed-end mutual funds to competitor’s. This comparison was materially misleading because the competitor’s index contained no asset-backed securities, unlike the Defendant’s funds, which contained substantial amounts of asset-backed securities.

On December 15, 2010, an Order Appointing Lead Plaintiff and Lead Counsel and Consolidating Cases was issued by the Court.

On February 22, 2011, a Consolidated Amended Class Action Complaint for Violations of the Federal Securities Laws was filed with the Court by the lead plaintiffs against the defendants.

On March 30, 2012, the Court issued an Order Granting in Part and Denying in Part Defendants' Motions to Dismiss.

On January 4, 2013, the Court issued an Order preliminarily approving the settlement.

On August 5, 2013, the Court issued an Order granting final approval of the Settlement and awarding attorneys' fees and expenses.

COMPANY INFORMATION:

Sector: Financial
Industry: Investment Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: RHY
Company Market:
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: W.D. Tennessee
DOCKET #: 10-CV-02248
JUDGE: Hon. Samuel H. Mays, Jr
DATE FILED: 04/08/2010
CLASS PERIOD START: 12/06/2004
CLASS PERIOD END: 02/06/2008
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Napoli Bern Ripka, L.L.P.
    350 Fifth Avenue, Suite 7413, Napoli Bern Ripka, L.L.P.
    212.267.3700 ·
  2. Watson Burns, PLLC
    11 South Idlewild Street, Watson Burns, PLLC , TN 38104
    (901) 529-7996 (901) 529-7996 ·
No Document Title Filing Date
COURT: W.D. Tennessee
DOCKET #: 07-CV-02830
JUDGE: Hon. Samuel H. Mays, Jr
DATE FILED: 02/22/2011
CLASS PERIOD START: 06/24/2003
CLASS PERIOD END: 07/14/2009
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Branstetter, Stranch & Jennings, PLLC
    227 2nd Avenue North, Branstetter, Stranch & Jennings, PLLC, TN 37201-1684
    615.254.8801 615.254.8801 ·
  2. Labaton Sucharow LLP
    140 Broadway, Labaton Sucharow LLP, NY 10005
    212.907.0700 212.818.0477 · info@labaton.com
  3. Pearson, Simon, Warshaw & Penny, LLP (San Francisco)
    44 Montgomery Street Suite 1430, Pearson, Simon, Warshaw & Penny, LLP (San Francisco), CA 94104
    415.433.9000 415.433.9000 ·
No Document Title Filing Date
No Document Title Filing Date