| Company: | American Family of Funds |
| Ticker Symbol: | NYSE: AMCPX, AMPBX, AMPCX, AMPFX, CAFAX, CAFBX |
| Class Period: | January 22, 1999 through November 25, 2003 |
| Court: | Southern District, NY |
| Date Filed: | Mar-24-04 |
| Lead Plaintiff Deadline: | May-24-04 |
| Allegations: |
A class action lawsuit was filed on March 24, 2004, in the United States District Court for the Southern District of New York, on behalf of all purchasers of the American family of funds (the "Funds"), as described below, which are managed by the Capital Group Companies, from January 22, 1999 through November 25, 2003, inclusive (the "Class Period").
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)
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.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
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)
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.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
If you feel you qualify for damages or remedies that might be awarded in this class action please fill in our form on the right to submit your complaint.
If your injustice does not match the complaint described above, please use this form to register your complaint. Thank you.
