| Company: | Franklin/Templeton Mutual Funds |
| Class Period: | January 1, 2000 to November 14, 2004 |
| Date Filed: | Dec-05-06 |
| Lead Plaintiff Deadline: | Feb-02-07 |
| Court: | Northern District, CA |
| Allegations: |
A class action has been filed in the United States District Court for the Northern District of California on behalf of purchasers of Franklin/Templeton Mutual Funds between January 1, 2000 and November 14, 2004.
The complaint alleges that Franklin Resources, Inc., Franklin Advisers, Inc. and Franklin/Templeton Distributors, Inc. ("Defendants") violated federal securities laws by paying kickbacks to broker/dealers who sold Franklin/Templeton 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.
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 complaint alleges that Franklin Resources, Inc., Franklin Advisers, Inc. and Franklin/Templeton Distributors, Inc. ("Defendants") violated federal securities laws by paying kickbacks to broker/dealers who sold Franklin/Templeton 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.
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.
