| Company: | Franklin Funds |
| Ticker Symbol: | NASD: FKTFX, FKREX, FRCOX, FXCTX |
| Class Period: | February 6, 1999 to February 4, 2004 |
| Court: | District, NV |
| Date Filed: | Feb-15-04 |
| Lead Plaintiff Deadline: | Mar-05-04 |
| Allegations: |
A class action lawsuit has been filed in the United States District Court for the District of Nevada on behalf of all purchasers of the securities of the Franklin family of funds (the "Funds") operated by Franklin Resources, Inc. and its subsidiaries between February 6, 1999 and February 4, 2004, inclusive (the "Class Period"), seeking to pursue remedies under the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940.
The Funds and the symbols for the respective Funds subject to the lawsuit are as follows:
Franklin AGE High Income Fund (Sym: AGEFX, FAHAX, FHIBX, FRAIX, FAHRX)
Franklin Adjustable U.S. Government Securities Fund (Sym: FISAX, FCSCX)
Franklin Aggressive Growth Fund (Sym: FGRAX, FRAAX, FKABX, FKACX, FKARX)
Franklin Alabama Tax-Free Income Fund (Sym: FRALX, FALEX)
Franklin Arizona Tax-Free Income Fund (Sym: FTAZX, FBAZX, FAZIX)
Franklin Balance Sheet Investment Fund (Sym: FRBSX, FBSAX, FBSBX, FCBSX, FBSRX)
Franklin Biotechnology Discovery Fund (Sym: FBDIX)
Franklin Blue Chip Fund (Sym: FKBCX, FKBBX, FBCCX, FBCRX)
Franklin California High Yield Municipal Fund (Sym: FCAMX, FBCAX, FCAHX)
Franklin California Insured Tax-Free Income Fund (Sym: FRCIX, FRCBX, FRCAX)
Franklin California Intermediate-Term Tax-Free Income Fund (Sym: FKCIX)
Franklin California Limited Term Tax-Free Income Fund
Franklin California Tax-Exempt Money Fund (Sym: FCLXX)
Franklin California Tax-Free Income Fund (NASDAQ: FKTFX) (Sym: FCAVX, FCABX, FRCTX)
Franklin Capital Growth Fund (NASDAQ: FKREX) (Sym: FEACX, FKEQX, FREQX, FKIRX)
Franklin Colorado Tax-Free Income Fund (NASDAQ: FRCOX) (Sym: FCOIX)
Franklin Connecticut Tax-Free Income Fund (NASDAQ: FXCTX) (Sym: FCTIX)
Franklin Convertible Securities Fund (Sym: FISCX, FROTX)
Franklin Double Tax-Free Income Fund (Sym: FPRTX, FPRIX)
Franklin DynaTech Fund (Sym: FKDNX, FDNBX, FDYNX)
Franklin Equity Income Fund (Sym: FISEX, FBEIX, FRETX, FREIX)
Franklin Federal Intermediate-Term Tax-Free Income Fund (Sym: FKITX)
Franklin Federal Limited Term Tax-Free Income Fund (Sym: FFTFX)
Franklin Federal Money Fund (Sym: FMNXX)
Franklin Federal Tax-Free Income Fund (Sym: FKTIX, FAFTX, FFTBX, FRFTX)
Franklin Flex Cap Growth Fund (Sym: FKCGX, FKCBX, FCIIX, FRCGX)
Franklin Floating Rate Daily Access Fund (Sym: FAFRX, FBFRX, FCFRX)
Franklin Floating Rate Trust (Sym: XFFLX)
Franklin Florida Insured Tax-Free Income Fund (Sym: FFLTX)
Franklin Florida Tax-Free Income Fund (Sym: FRFLX, FRFBX, FRFIX)
Franklin Georgia Tax-Free Income Fund (Sym: FTGAX, FGAIX)
Franklin Global Aggressive Growth Fund
Franklin Global Communications Fund (Sym: FRGUX)
Franklin Global Growth Fund
Franklin Global Health Care Fund (Sym: FKGHX, FGHBX, FGIIX)
Franklin Gold and Precious Metals Fund (Sym: FKRCX, FGADX, FAGPX, FRGOX)
Franklin Growth Fund (Sym: FKGRX, FCGAX, FKGBX, FRGSX, FGSRX)
Franklin High Yield Tax-Free Income Fund (Sym: FRHIX, FYIBX, FHYIX)
Franklin Income Fund (Sym: FKINX, FRIAX, FBICX, FICBX, FCISX, FISRX)
Franklin Insured Tax-Free Income Fund (Sym: FTFIX, FBITX, FRITX)
Franklin Kentucky Tax-Free Income Fund (Sym: FRKYX)
Franklin Large Cap Growth Fund (Sym: FKGAX, FRGAX, FKGCX, FRLGX)
Franklin Large Cap Value Fund (Sym: FLVAX, FBLCX, FLCVX, FLCRX)
Franklin Louisiana Tax-Free Income Fund (Sym: FKLAX, FLAIX)
Franklin Maryland Tax-Free Income Fund (Sym: FMDTX, FMDIX)
Franklin Massachusetts Insured Tax-Free Income Fund (Sym: FMISX, FMAIX)
Franklin Michigan Insured Tax-Free Income Fund (Sym: FTTMX, FBMIX, FRMTX)
Franklin MicroCap Value Fund (Sym: FRMCX)
Franklin Minnesota Insured Tax-Free Income Fund (Sym: FMINX, FMNIX)
Franklin Missouri Tax-Free Income Fund (Sym: FRMOX, FMOIX)
Franklin Money Fund (Sym: FMFXX)
Franklin Natural Resources Fund (Sym: FRNRX, FNRAX)
Franklin New Jersey Tax-Free Income Fund (Sym: FRNJX, FNJBX, FNIIX)
Franklin New York Insured Tax-Free Income Fund (Sym: FRNYX, FNYKX)
Franklin New York Intermediate-Term Tax-Free Income Fund (Sym: FKNIX)
Franklin New York Limited Term Tax-Free Income Fund
Franklin New York Tax-Exempt Money Fund (Sym: FRNXX)
Franklin New York Tax-Free Income Fund (Sym: FNYTX, FNYAX, FTFBX, FNYIX)
Franklin North Carolina Tax-Free Income Fund (Sym: FXNCX, FNCIX)
Franklin Ohio Insured Tax-Free Income Fund (Sym: FTOIX, FBOIX, FOITX)
Franklin Oregon Tax-Free Income Fund (Sym: FRORX, FORIX)
Franklin Pennsylvania Tax-Free Income Fund (Sym: FRPAX, FBPTX, FRPTX)
Franklin Real Estate Securities Fund (Sym: FREEX, FRLAX, FBREX, FRRSX)
Franklin Rising Dividends Fund (Sym: FRDPX, FRDBX, FRDTX, FRDRX)
Franklin Short-Intermediate U.S. Government Securities Fund (Sym: FRGVX, FSUAX)
Franklin Small Cap Growth Fund II (Sym: FSGRX, FSSAX, FBSGX, FCSGX, FSSRX)
Franklin Small Cap Value Fund (Sym: FRVLX, FVADX, FBVAX, FRVFX, FVFRX)
Franklin Small-Mid Cap Growth Fund (Sym: FRSGX, FSGAX, FBSMX, FRSIX,FKSBX, FSGCX, FKSRX)
Franklin Strategic Mortgage Portfolio (Sym: FSMIX)
Franklin Tax-Exempt Money Fund (Sym: FTMXX)
Franklin Technology Fund (Sym: FTCAX, FRTCX, FFTCX, FTERX)
Franklin Templeton Conservative Target Fund (Sym: FTCIX, FTCCX, FTCRX)
Franklin Templeton CoreFolio Allocation Fund (Sym: FTCOX)
Franklin Templeton Founding Funds Allocation Fund (Sym: FFALX, FFABX, FFACX)
Franklin Templeton Growth Target Fund (Sym: FGTIX, FTGTX, FGTRX)
Franklin Templeton Hard Currency Fund (Sym: ICPHX)
Franklin Templeton Moderate Target Fund (Sym: FMTIX, FTMTX, FTMRX)
Franklin Templeton Money Fund (Sym: FMBXX, FRIXX, FMRXX)
Franklin Tennessee Municipal Bond Fund (Sym: FRTIX)
Franklin Texas Tax-Free Income Fund (Sym: FTXTX, FTXIX)
Franklin Total Return Fund (Sym: FKBAX, FBDAX, FBTLX, FCTLX, FTRRX)
Franklin U.S. Government Securities Fund (Sym: FKUSX, FUSAX, FUGBX, FRUGX, FUSRX)
Franklin U.S. Long-Short Fund (Sym: FUSLX)
Franklin Utilities Fund (Sym: FKUTX, FRUAX, FRUBX, FRUSX, FRURX)
Franklin Virginia Tax-Free Income Fund (Sym: FRVAX, FVAIX)
Templeton China World Fund (Sym: TCWAX, TACWX)
Templeton Developing Markets Trust (Sym: TEDMX, TDADX, TDMBX, TDMTX, TDMRX)
Templeton Foreign Fund (Sym: TEMFX, TFFAX, TFRBX, TEFTX, TEFRX)
Templeton Foreign Smaller Companies Fund (Sym: FINEX, FTFAX, FCFSX)
Templeton Global Bond Fund (Sym: TPINX, TGBAX, TEGBX)
Templeton Global Long-Short Fund (Sym: TLSAX, TLSBX)
Templeton Global Opportunities Trust (Sym: TEGOX, TEGPX)
Templeton Global Smaller Companies Fund, Inc. (Sym: TEMGX, TGSAX. TESGX)
Templeton Growth Fund, Inc. (Sym: TEPLX, TGADX, TMGBX, TEGTX, TEGRX)
Templeton International (Ex EM) Fund (Sym: TEGEX, TGEFX)
Templeton Latin America Fund (Sym: TELAX, TLAAX, TLAIX)
Templeton Pacific Growth Fund (Sym: FKPGX, FPGCX)
Templeton World Fund (Sym: TEMWX, TWDBX, TEWTX)
Mutual Beacon Fund (Sym: TEBIX, TEBBX, TEMEX, BEGRX)
Mutual Discovery Fund (Sym: TEDIX, TEDBX, TEDSX, TEDRX, MDISX)
Mutual European Fund (Sym: TEMIX, TEUBX, TEURX, MEURX)
Mutual Financial Services Fund (Sym: TFSIX, TBFSX, TMFSX, TEFAX)
Mutual Qualified Fund (Sym: TEQIX, TEBQX, TEMQX, MQIFX)
Mutual Recovery Fund (Sym: FMRVX)
Mutual Shares Fund (Sym: TESIX, FMUBX, TEMTX, TESRX, MUTHX)
The wrongful conduct alleged in and which is the subject of the lawsuit relates to "timing." As used, "timing" is an investment technique involving short-term, "in and out" trading of mutual fund shares to turn a quick profit. The lawsuit alleges that timing injures ordinary mutual fund investors who are not allowed to engage in such practices and benefits the mutual fund companies.
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 Funds and the symbols for the respective Funds subject to the lawsuit are as follows:
Franklin AGE High Income Fund (Sym: AGEFX, FAHAX, FHIBX, FRAIX, FAHRX)
Franklin Adjustable U.S. Government Securities Fund (Sym: FISAX, FCSCX)
Franklin Aggressive Growth Fund (Sym: FGRAX, FRAAX, FKABX, FKACX, FKARX)
Franklin Alabama Tax-Free Income Fund (Sym: FRALX, FALEX)
Franklin Arizona Tax-Free Income Fund (Sym: FTAZX, FBAZX, FAZIX)
Franklin Balance Sheet Investment Fund (Sym: FRBSX, FBSAX, FBSBX, FCBSX, FBSRX)
Franklin Biotechnology Discovery Fund (Sym: FBDIX)
Franklin Blue Chip Fund (Sym: FKBCX, FKBBX, FBCCX, FBCRX)
Franklin California High Yield Municipal Fund (Sym: FCAMX, FBCAX, FCAHX)
Franklin California Insured Tax-Free Income Fund (Sym: FRCIX, FRCBX, FRCAX)
Franklin California Intermediate-Term Tax-Free Income Fund (Sym: FKCIX)
Franklin California Limited Term Tax-Free Income Fund
Franklin California Tax-Exempt Money Fund (Sym: FCLXX)
Franklin California Tax-Free Income Fund (NASDAQ: FKTFX) (Sym: FCAVX, FCABX, FRCTX)
Franklin Capital Growth Fund (NASDAQ: FKREX) (Sym: FEACX, FKEQX, FREQX, FKIRX)
Franklin Colorado Tax-Free Income Fund (NASDAQ: FRCOX) (Sym: FCOIX)
Franklin Connecticut Tax-Free Income Fund (NASDAQ: FXCTX) (Sym: FCTIX)
Franklin Convertible Securities Fund (Sym: FISCX, FROTX)
Franklin Double Tax-Free Income Fund (Sym: FPRTX, FPRIX)
Franklin DynaTech Fund (Sym: FKDNX, FDNBX, FDYNX)
Franklin Equity Income Fund (Sym: FISEX, FBEIX, FRETX, FREIX)
Franklin Federal Intermediate-Term Tax-Free Income Fund (Sym: FKITX)
Franklin Federal Limited Term Tax-Free Income Fund (Sym: FFTFX)
Franklin Federal Money Fund (Sym: FMNXX)
Franklin Federal Tax-Free Income Fund (Sym: FKTIX, FAFTX, FFTBX, FRFTX)
Franklin Flex Cap Growth Fund (Sym: FKCGX, FKCBX, FCIIX, FRCGX)
Franklin Floating Rate Daily Access Fund (Sym: FAFRX, FBFRX, FCFRX)
Franklin Floating Rate Trust (Sym: XFFLX)
Franklin Florida Insured Tax-Free Income Fund (Sym: FFLTX)
Franklin Florida Tax-Free Income Fund (Sym: FRFLX, FRFBX, FRFIX)
Franklin Georgia Tax-Free Income Fund (Sym: FTGAX, FGAIX)
Franklin Global Aggressive Growth Fund
Franklin Global Communications Fund (Sym: FRGUX)
Franklin Global Growth Fund
Franklin Global Health Care Fund (Sym: FKGHX, FGHBX, FGIIX)
Franklin Gold and Precious Metals Fund (Sym: FKRCX, FGADX, FAGPX, FRGOX)
Franklin Growth Fund (Sym: FKGRX, FCGAX, FKGBX, FRGSX, FGSRX)
Franklin High Yield Tax-Free Income Fund (Sym: FRHIX, FYIBX, FHYIX)
Franklin Income Fund (Sym: FKINX, FRIAX, FBICX, FICBX, FCISX, FISRX)
Franklin Insured Tax-Free Income Fund (Sym: FTFIX, FBITX, FRITX)
Franklin Kentucky Tax-Free Income Fund (Sym: FRKYX)
Franklin Large Cap Growth Fund (Sym: FKGAX, FRGAX, FKGCX, FRLGX)
Franklin Large Cap Value Fund (Sym: FLVAX, FBLCX, FLCVX, FLCRX)
Franklin Louisiana Tax-Free Income Fund (Sym: FKLAX, FLAIX)
Franklin Maryland Tax-Free Income Fund (Sym: FMDTX, FMDIX)
Franklin Massachusetts Insured Tax-Free Income Fund (Sym: FMISX, FMAIX)
Franklin Michigan Insured Tax-Free Income Fund (Sym: FTTMX, FBMIX, FRMTX)
Franklin MicroCap Value Fund (Sym: FRMCX)
Franklin Minnesota Insured Tax-Free Income Fund (Sym: FMINX, FMNIX)
Franklin Missouri Tax-Free Income Fund (Sym: FRMOX, FMOIX)
Franklin Money Fund (Sym: FMFXX)
Franklin Natural Resources Fund (Sym: FRNRX, FNRAX)
Franklin New Jersey Tax-Free Income Fund (Sym: FRNJX, FNJBX, FNIIX)
Franklin New York Insured Tax-Free Income Fund (Sym: FRNYX, FNYKX)
Franklin New York Intermediate-Term Tax-Free Income Fund (Sym: FKNIX)
Franklin New York Limited Term Tax-Free Income Fund
Franklin New York Tax-Exempt Money Fund (Sym: FRNXX)
Franklin New York Tax-Free Income Fund (Sym: FNYTX, FNYAX, FTFBX, FNYIX)
Franklin North Carolina Tax-Free Income Fund (Sym: FXNCX, FNCIX)
Franklin Ohio Insured Tax-Free Income Fund (Sym: FTOIX, FBOIX, FOITX)
Franklin Oregon Tax-Free Income Fund (Sym: FRORX, FORIX)
Franklin Pennsylvania Tax-Free Income Fund (Sym: FRPAX, FBPTX, FRPTX)
Franklin Real Estate Securities Fund (Sym: FREEX, FRLAX, FBREX, FRRSX)
Franklin Rising Dividends Fund (Sym: FRDPX, FRDBX, FRDTX, FRDRX)
Franklin Short-Intermediate U.S. Government Securities Fund (Sym: FRGVX, FSUAX)
Franklin Small Cap Growth Fund II (Sym: FSGRX, FSSAX, FBSGX, FCSGX, FSSRX)
Franklin Small Cap Value Fund (Sym: FRVLX, FVADX, FBVAX, FRVFX, FVFRX)
Franklin Small-Mid Cap Growth Fund (Sym: FRSGX, FSGAX, FBSMX, FRSIX,FKSBX, FSGCX, FKSRX)
Franklin Strategic Mortgage Portfolio (Sym: FSMIX)
Franklin Tax-Exempt Money Fund (Sym: FTMXX)
Franklin Technology Fund (Sym: FTCAX, FRTCX, FFTCX, FTERX)
Franklin Templeton Conservative Target Fund (Sym: FTCIX, FTCCX, FTCRX)
Franklin Templeton CoreFolio Allocation Fund (Sym: FTCOX)
Franklin Templeton Founding Funds Allocation Fund (Sym: FFALX, FFABX, FFACX)
Franklin Templeton Growth Target Fund (Sym: FGTIX, FTGTX, FGTRX)
Franklin Templeton Hard Currency Fund (Sym: ICPHX)
Franklin Templeton Moderate Target Fund (Sym: FMTIX, FTMTX, FTMRX)
Franklin Templeton Money Fund (Sym: FMBXX, FRIXX, FMRXX)
Franklin Tennessee Municipal Bond Fund (Sym: FRTIX)
Franklin Texas Tax-Free Income Fund (Sym: FTXTX, FTXIX)
Franklin Total Return Fund (Sym: FKBAX, FBDAX, FBTLX, FCTLX, FTRRX)
Franklin U.S. Government Securities Fund (Sym: FKUSX, FUSAX, FUGBX, FRUGX, FUSRX)
Franklin U.S. Long-Short Fund (Sym: FUSLX)
Franklin Utilities Fund (Sym: FKUTX, FRUAX, FRUBX, FRUSX, FRURX)
Franklin Virginia Tax-Free Income Fund (Sym: FRVAX, FVAIX)
Templeton China World Fund (Sym: TCWAX, TACWX)
Templeton Developing Markets Trust (Sym: TEDMX, TDADX, TDMBX, TDMTX, TDMRX)
Templeton Foreign Fund (Sym: TEMFX, TFFAX, TFRBX, TEFTX, TEFRX)
Templeton Foreign Smaller Companies Fund (Sym: FINEX, FTFAX, FCFSX)
Templeton Global Bond Fund (Sym: TPINX, TGBAX, TEGBX)
Templeton Global Long-Short Fund (Sym: TLSAX, TLSBX)
Templeton Global Opportunities Trust (Sym: TEGOX, TEGPX)
Templeton Global Smaller Companies Fund, Inc. (Sym: TEMGX, TGSAX. TESGX)
Templeton Growth Fund, Inc. (Sym: TEPLX, TGADX, TMGBX, TEGTX, TEGRX)
Templeton International (Ex EM) Fund (Sym: TEGEX, TGEFX)
Templeton Latin America Fund (Sym: TELAX, TLAAX, TLAIX)
Templeton Pacific Growth Fund (Sym: FKPGX, FPGCX)
Templeton World Fund (Sym: TEMWX, TWDBX, TEWTX)
Mutual Beacon Fund (Sym: TEBIX, TEBBX, TEMEX, BEGRX)
Mutual Discovery Fund (Sym: TEDIX, TEDBX, TEDSX, TEDRX, MDISX)
Mutual European Fund (Sym: TEMIX, TEUBX, TEURX, MEURX)
Mutual Financial Services Fund (Sym: TFSIX, TBFSX, TMFSX, TEFAX)
Mutual Qualified Fund (Sym: TEQIX, TEBQX, TEMQX, MQIFX)
Mutual Recovery Fund (Sym: FMRVX)
Mutual Shares Fund (Sym: TESIX, FMUBX, TEMTX, TESRX, MUTHX)
The wrongful conduct alleged in and which is the subject of the lawsuit relates to "timing." As used, "timing" is an investment technique involving short-term, "in and out" trading of mutual fund shares to turn a quick profit. The lawsuit alleges that timing injures ordinary mutual fund investors who are not allowed to engage in such practices and benefits the mutual fund companies.
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.
