Class Action News: Smith Barney/Legg Mason Mutual Fund holders
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Mar 2, 2011 8:01 pm
In 2005, Smith Barney was fined $208 Million by the SEC for basically stealing money from its mutual fund shareholders. Here is a link to the SEC news release:
http://www.sec.gov/news/press/2005-80.htm
A class action was subsequently filed and has been winding its way through the courts for nearly 6 years. Now, the lawsuit needs additional shareholders to step forward or the lawsuit dies. Here is a link of the mutual shareholders needed . They are looking for shareholders who held the funds from 2000-05:
http://www.bernlieb.com/news/smith-barney-transfer/index.html