Laura SEIDL, individually, derivatively and on behalf of all others similarly situated, Plaintiff,
v.
AMERICAN CENTURY COMPANIES, INC., American Century Investment Management, Inc., James E. Stowers, Jr., James E. Stowers, III, Jonathan S. Thomas, Thomas A. Brown, Andrea C. Hall, Donald H. Pratt, Gale E. Sayers, M. Jeannine Strandjord, Timothy S. Webster, William M. Lyons, Mark Mallon, Wade Slome, Bruce Wimberly, and Jerry Sullivan, Defendants, and
American Century Mutual Funds, Inc., doing business as American Century Ultra Fund, Nominal Defendant.
United States District Court, S.D. New York.https://leagle.com/images/logo.png
May 7, 2010.
May 7, 2010.
Attorney(s) appearing for the Case
Gregory P. Erthal, SimmonsCooper, LLC, East Alton, IL, Thomas I. Sheridan, III, Andrea Bierstein, Hanly Conroy Bierstein Sheridan Fisher & Hayes, LLP, New York, NY, for plaintiff.
Gordon C. Atkinson, Cooley Godward Kronish LLP, New York, NY, for defendants American Century Companies, Inc., American Century Investment Management, Inc., James E. Stowers, Jr., James E. Stowers, III, Jonathan S. Thomas, William M. Lyons, Mark Mallon, Wade Slome, Bruce Wimberly, and Jerry Sullivan.
David P. Langlois, Sutherland Asbil & Brennan, LLP, New York, NY, Marguerite C. Bateman, Steuart H. Thomsen, Sutherland Asbill & Brennan LLP, Washington, DC, for defendants Thomas A. Brown, Andrea C. Hall, Donald H. Pratt, Gale E. Sayers, M. Jeannine Strandjord, and Timothy S. Webster, and nominal defendant American Century Mutual Funds, Inc., doing business as American Century Ultra Fund.
United States District Court, S.D. New York.
OPINION & ORDER
DENISE COTE, District Judge:
This lawsuit concerns a mutual fund's liability to its shareholders for investments in an online gambling company. The investments declined in value after the United States government stepped up law enforcement efforts against illegal online gambling enterprises. Plaintiff, a shareholder in the mutual fund, brings this derivative and putative class action...
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