Citing the fact that Janus has already earmarked $100 million for investor restitution from its $226 million settlement with SEC and state regulators, a Federal court judge in Baltimore indicated he will allow class-action lawsuits to proceed against the firm - but that they may not result in further payouts.

Dismissing more than six claims against Janus that claimed that the firm defrauded investors by allowing only certain investors to making unfair trades of mutual fund share, U.S. District Judge J. Frederick Motz said shareholders "are entitled to no further recovery" if it turns out that Janus has set aside adequate restitution, Rocky Mountain News reports.

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