IN RE MUT. FUNDS INV. LITIGATION

Civil Nos. 04—MD-15863, JFM-04-3943, JFM-05-1674, JFM-04-3944.

437 F.Supp.2d 439 (2006)

In re MUTUAL FUNDS INVESTMENT LITIGATION. Nikita Mehta v. AIG Sunamerica Life Assurance Co. Wiggenhorn v. AXA Equitable Life Insurance Co. Woodbury v. Nationwide Life Insurance Co.

United States District Court, D. Maryland.

June 1, 2006.


Attorney(s) appearing for the Case

Robert L. King, Swedlow and King, St. Louis, MO, Andrew Steven Friedman, Francis Joseph Balint, Jr., Bonnett Fairbourn Friedman and Balint PC, Phoenix, AZ, Eugene Yevgeny Barash, George A. Zelcs, Korein Tillery, Chicago, IL, John J. Stoia, Jr., Timothy G. Blood, William J. Doyle, Milberg Weiss, San Diego, CA, for Woodbury, Wiggenhorn and Nikita Mehta.

Andrew R. Varcoe, Gordon Pearson, Wilmer Cutler, Washington, DC, Charles Collier Platt, Eric Jon Mogilnicki, Shoshana Leah Gillers, Wilmer Cutler Pickering Hale and Dorr LLP, New York City, Larry E. Hepler, W. Jason Rankin, Burroughs Hepler, Edwardsville, IL, for Nationwide Life Insurance Co.

Amelia F. Burroughs, Lerach Coughlin Stoia Geller Rudman and Robbins LLP, San Diego, CA, Stephen M. Tillery, Korein Tillery Swansea, Swansea, IL, for Wiggenhorn.

Margaret J. Schneider, Mayer Brown Rowe and Maw, Chicago, IL, for AXA Equitable Life Insurance Co.

David McNeel Lane, Jr., David A. Jones, Joseph Lee Sorkin, Akin Gump Strauss Hauer and Feld LLP, San Antonio, TX, Deborah A. Hawkins, Richard K. Hunsaker, Robert H. Shultz, Jr., Heyl Royster, Edwardsville, IL, for AIG Sunamerica Life Assurance Co.


MEMORANDUM

MOTZ, District Judge.

The plaintiffs in these actions purchased variable annuities from the defendant insurance companies that included mutual funds as investment options. Certain of these funds, in which the plaintiffs invested, contained foreign securities. They now seek compensation for the alleged dilutive damage their holdings suffered as a result of market timers that exploited the funds' "stale" prices.1 However...

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