Investors in the $40 million Navellier Aggressive Small Cap Equity Fund may not have to pay the costs of a lawsuit between the fund's adviser and two of its trustees.

According to the fund's investment manager, Navellier Investment Management of Reno, Nev., it does not appear that fund shareholders will be asked to pay the legal costs incurred by the two trustees Navellier sued almost two and a half years ago. The lawsuit, in which Navellier charged that the fund's independent trustees had breached their fiduciary obligation and wasted fund assets, was decided in favor of the trustees in July in San Francisco District Court.

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