In the latest development in a number of civil lawsuits nationwide, where mutual fund investors are alleging that several mutual fund companies allowed improper trading in funds, a federal judge lifted the ban on plaintiffs from using documents that would help them build their case against the companies, according to The Associated Press.

Earlier this week, U.S. District Judge J. Frederick Motz granted the plaintiffs' request to discovery, or to have access to documents that defendants in the case, such as Janus Capital Group Inc., Putnam Investments, Strong Capital Management Inc., Alliance Capital Holdings and other mutual fund companies, submitted to state and federal regulatory agencies that are determining settlements.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.