Janus Capital Group Inc. has yet to sue former Bank of America broker Theodore Sihpol III over late mutual fund trades he made for Edward Stern's hedge fund Canary Capital Partners, the chief compliance officer of Janus testified Wednesday at Sihpol's fraud trial, Bloomberg reports.

"There's discussion about possible lawsuits and insurance claims relating to Bank of America," prosecution witness David R. Kowalski told jurors in New York state court in Manhattan . "Up until now, management has not made a final decision."

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