IN RE MUT. FUND INVESTMENT LITIGATION

No. CIV.1:04:MD-15864CCB.

403 F.Supp.2d 434 (2005)

In re MUTUAL FUNDS INVESTMENT LITIGATION This document relates to: Strong sub-track

United States District Court, D. Maryland.

December 6, 2005.


Attorney(s) appearing for the Case

Alan Schulman, Jerald Bien Willner, Robert S. Gans, Timothy Alan Delange, Bernstein Litowitz Berger and Grossmann LLP, San Diego, CA, Andrew Steven Friedman, Bonnett Fairbourn Friedman and Balint PC, Phoenix, AZ, Brian Barry, Law Office of Brian Barry, Los Angeles, CA, Bruce L. Simon, Mark C. Molumphy, Cotchett Pitre Simon and McCarthy, Burlingame, CA, Carol Valerie Gilden, Conor R. Crowley, Much Shelist Freed Denenberg Ament Bell and Rubenstein, Chicago, IL, Chet Barry Waldman, Wolf Popper LLP, Daniel P. Chiplock, Elizabeth H. Cronise, Robert Gerard Eisler, Steven E. Fineman, Lieff Cabraser Heimann and Bernstein LLP, David J. Bershad, Deborah Clark Weintraub, Kim E. Levy, Peter Edwards Seidman, Sr., Milberg Weiss Bershad and Schulman LLP, Demet Basar, Mark Carl Rifkin, Wolf Haldenstein Adler Freeman and Herz LLP, H. Adam Prussin, Ronen Sarraf, Stanley M. Grossman, Pomerantz Haudek Block Grossman and Gross LLP, John Erik Sandstedt, Joseph Fonti, Max W. Berger, Bernstein Litowitz Berger and Grossman LLP, Thomas James McKenna, Gainey and McKenna, Robert Ira Harwood, Wechsler Harwood LLP, New York City, Denise Davis Schwartzman, Nicholas E. Chimicles, Timothy Newlyn Mathews, Chimicles and Tikellis LLP, Haverford, PA, Eric Lawrence Zagar, Schiffrin and Barroway LLP, Bala Cynwyd, PA, Erin K. Flory, Hagens Berman LLP, Seattle, WA, Gary B. O'Connor, Drubner Hartley and O'Connor LLC, Waterbury, CT, Gregg M. Fishbein, Richard A. Lockridge, Lockridge Grindal Nauen PLLP, Minneapolis, MN, John Bucher Isbister, William C. Sammons, Tydings and Rosenberg LLP, Marshall N. Perkins, Charles J Piven PA, Baltimore, MD, Joseph J. Zonies, Kritzer Zonies LLC, Denver, CO, Richard M. Heimann, Lieff Cabraser Heimann and Bernstein, San Francisco, CA, for Plaintiffs.

Andrew Santo Tulumello, Mark A. Perry, Gibson Dunn and Crutcher LLP, Boyd Tristan Cloern, Leiv Hamilton Blad, Clifford Chance US LLP, Joseph Walker, Peter Unger, Howrey Simon Arnold and White, Andrew N. Vollmer, Mark M. Oh, William Emmet White, Wilmer Cutler Pickering Hale and Dorr LLP, Richard J. Morvillo, Mayer Brown Rowe and Maw LLP, Aimee Denise Latimer, Crowell and Moring LLP, Alec W. Farr, Bryan Cave LLP, Washington, DC, Anthony Zaccaria, Daniel A. Pollack, Edward T. McDermott, Pollack and Kaminsky, Breon S. Peace, Lewis J. Liman, Thomas J. Moloney, Neil P. Forrest, Cleary Gottlieb Steen and Hamilton, Bruce Edward Clark, William L. Farris, Sullivan and Cromwell LLP, Danielle Sallah, Howard J. Kaplan, Stanley S. Arkin, Timothy A. Greensfelder, Arkin Kaplan LLP, David Stanley Frankel, Stephen M. Sinaiko, Kramer Levin Naftalis and Frankel LLP, John C. Canoni, Kasowitz Benson and Friedman LLP, Kenneth M. Kramer, Shearman and Sterling LLP, Sarah Fern Meil, Wachtell Lipton Rosen and Katz, Andrea Goldbarg, Clifford Chance US LLP, Jeremy Feigelson, John Driscoll, Maeve O'Connor, Maura Kathleen Monaghan, Robert Neil Shwartz, Debevoise and Plimpton LLP, Richard L. Spinogatti, Proskauer Rose LLP, Leon Baer Borstein, Borstein and Sheinbaum, Lisa Roxanne Rosenthal, Hoffman and Pollok LLP, Marisa Ann Godwin, Robert A. Giacovas, Lazare Potter Giacovas and Kranjac LLP, Jonathan D. Polkes, Weil Gotshal and Manges LLP, Jeffrey T. Golenbock, Shawn Preston Ricardo, Golenbock Eiseman Assor Bell and Peskoe LLP, Jonathan D. Thier, Laura Fraher, Thomas J. Kavaler, Cahill Gordon and Reindel LLP, Jeffrey Plotkin, Pitney Hardin, LLP, Brian Howard Polovoy, Steven Francis Molo, Shearman and Sterling LLP, Stephanie Glaser Wheeler, Jeffrey James Chapman, Sullivan and Cromwell LLP, Barry G. Felder, Charles Evan Stewart, Hillel I. Parness, Jennifer Delia Sawyer, Joseph William Muccia, Brown Raysman Millstein Felder and Steiner LLP, Stephen Stewart Madsen, Cravath Swaine and Moore LLP, Bradley P. Dyer, Stull Stull and Brody, Chet Barry Waldman, Wolf Popper LLP, New York City, Charles S. Hirsch, Robert A. Scott, Ballard Spahr Andrews and Ingersoll LLP, Daniel J. Donovan, Priscilla A. Donovan, Donovan and Rainie LLP, Nichole Michele Galvin, Price O. Gielen, Neuberger Quinn Gielen Rubin and Gibber, Joseph M. Clark, Gallagher Evelius & Jones LLP, Baltimore, MD, Christopher MacNeil Murphy, Steven Samuel Scholes, McDermott Will and Emery, David E. Koropp, John J. Tully, Robert Y. Sperling, Winston and Strawn LLP, Chicago, IL, Donald J. Savery, Bingham McCutchen LLP, Boston, MA, Eric Robert Maier, Gibson Dunn and Crutcher LLP, David Speer Richman, Stephan Oringher Richman and Theodora, Los Angeles, CA, Jay C. Gandhi, Johanna Susan Wilson, Paul Hastings Janofsky and Walker LLP, Costa Mesa, CA, Michael Joseph Rozak, William F. Sullivan, Paul Hastings Janofsky and Walker LLP, San Diego, CA, Robert B. Green, Irwin Green and Dexter LLP, Towson, MD, Thomas Lee Allen, Reed Smith LLP, Pittsburgh, PA, Thomas Kelly Potter, III, Jones Walker Waechter Poitevent Carrere and Denegre LLP, Nashville, TN, Christine Marie Debevec, Stradley Ronon Stevens and Young LLP, Philadelphia, PA, Matthew J. Smith, John Vincent McDermott, Holme Roberts and Owen LLP, Denver, CO, Stephen Lawrenz Knowles, Gonzalez Saggio and Harlan LLP, Milwaukee, WI, Darryl Paul Rains, Bryan Joseph Wilson, Stephanie Laura Zeller, Morrison and Foerster LLP, Palo Alto, CA, Frank Kaplan, Alschuler Grossman Stein and Kahan LLP, Santa Monica, CA, for Defendants.


ERISA OPINION

BLAKE, District Judge.

Included in this MDL proceeding involving alleged late trading and market timing in the mutual funds industry are suits against various defendants in eight fund families brought under the Employee Retirement Income Security Act ("ERISA").1 Generally, the plaintiffs claim that the value of their retirement accounts was adversely affected by the timing activities permitted in certain...

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