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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

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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