Securities
Securities Fraud
Class Action
James Rafton, Trustee of the James and Cynthia Rafton Trust v. Rydex Series Funds; Padco Advisors Inc. dba Rydex Investments Inc.; Rydex Distributors Inc.; Richard M. Goldman; Carl G. Verboncoeur; John O. Demaret; Nick Bonos; Michael P. Bynum; Corey A. Colehour; J. Kenneth Dalton; Werner E. Keller; Thomas F. Lydon; Patrick T. McCarville; Roger Some
Published: Dec. 3, 2011 | Result Date: Nov. 10, 2011 | Filing Date: Jan. 1, 1900 |Case number: 3:2010-cv-01171 Settlement – $5,500,000
Court
USDC Northern
Attorneys
Plaintiff
Kevin H. Lewis
(Charles Schwab & Co Inc.)
Defendant
Matthew L. Larrabee
(Dechert LLP)
Facts
Persons who acquired shares of the Rydex investment government long bond strategy fund from Aug. 1, 2007 to July 31, 2009 filed a class action against Rydex Series Funds.
Result
The parties reached a settlement amounting to $5,500,000.
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