Attorneys representing mutual funds argued in a Baltimore federal court last Thursday to dismiss a bundle of civil lawsuits relating to the alleged favoring of wealthy customers that bilked long-term shareholders, the Associated Press reports.

The case pits a cross-section of investors nationwide against Janus Capital, Putnam Investments, Strong Capital Management, Alliance Capital and other mutual fund companies. All told, the case encompasses 200 legal complaints against 18 fund families, the AP report said.

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