MoneyWatch – Last week the Supreme Court struck a blow against the rights of mutual fund investors, and in the process might have opened a Pandora’s box, providing corporate America a road map that will allow them avoid liability from investor suits.
The case concerned Janus Capital Group, the management firm that operates and manages the Janus mutual funds. In the early-2000s, Janus was one of the prime offenders in the mutual fund timing scandal that roiled the fund industry. The facts concerning their actions and guilt in the timing scandal are beyond dispute.
