Supreme Court Seeks White House Input on Janus Case

After Janus appealed to the Supreme Court to dismiss a lawsuit against it for mutual fund market timing, the high court turned to the Obama administration for its input on the case, Janus Capital Group v. First Derivative Traders.

A lower court reinstated the class-action lawsuit, originally filed in 2003. Janus said the lawsuit is flawed since it settled with federal and state regulations in 2004.

 

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