| Company: | Fremont Mutual Funds |
| Ticker Symbol: | NASD: FMAFX, FIGFX, FNEVX, FNEGX |
| Class Period: | March 15, 1999 through March 1, 2004 |
| Court: | Northern District, CA |
| Date Filed: | Mar-18-04 |
| Lead Plaintiff Deadline: | May-11-04 |
| Allegations: |
A class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all purchasers of the securities of the Fremont Family of Mutual Funds (the "Fremont Funds") which are managed by Fremont Investment Advisors, Inc. from March 15, 1999 through March 1, 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:
-- Fremont Global Fund (NASDAQ: FMAFX)
-- Fremont International Growth Fund (NASDAQ: FIGFX)
-- Fremont Large Cap Value Fund (Formerly Fremont New Era Value Fund (NASDAQ: FNEVX)
-- Fremont Large Cap Growth Fund (Formerly Fremont New Era Growth Fund) (NASDAQ: FNEGX)
-- Fremont Structured Core Fund (Formerly Fremont Growth Fund) (FEQFX)
-- Fremont U.S. Small Cap Fund (FUSSX)
-- Fremont U.S. Micro-Cap Fund (FUSMX)
-- Fremont Real Estate Securities Fund (FREFX)
-- Fremont Bond Fund (FBDFX)
-- Fremont California Intermediate Tax-Free Fund (FCATX)
-- Fremont Money Market Fund (FRMXX)
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:
-- Fremont Global Fund (NASDAQ: FMAFX)
-- Fremont International Growth Fund (NASDAQ: FIGFX)
-- Fremont Large Cap Value Fund (Formerly Fremont New Era Value Fund (NASDAQ: FNEVX)
-- Fremont Large Cap Growth Fund (Formerly Fremont New Era Growth Fund) (NASDAQ: FNEGX)
-- Fremont Structured Core Fund (Formerly Fremont Growth Fund) (FEQFX)
-- Fremont U.S. Small Cap Fund (FUSSX)
-- Fremont U.S. Micro-Cap Fund (FUSMX)
-- Fremont Real Estate Securities Fund (FREFX)
-- Fremont Bond Fund (FBDFX)
-- Fremont California Intermediate Tax-Free Fund (FCATX)
-- Fremont Money Market Fund (FRMXX)
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.
