Cauley Geller Announces Class Action Lawsuit Against FleetBoston Financial Corporation and Its Columbia Family of Mutual Funds o
February 20 2004 - 6:15PM
PR Newswire (US)
Cauley Geller Announces Class Action Lawsuit Against FleetBoston
Financial Corporation and Its Columbia Family of Mutual Funds on
Behalf of Investors NEW YORK, Feb. 20 /PRNewswire/ -- The Law Firm
of Cauley Geller Bowman & Rudman, LLP announced today that a
class action lawsuit has been filed in the United States District
Court for the District of Massachusetts on behalf of all purchasers
of shares of the Columbia family of mutual funds (the "Columbia
Funds") which are operated by FleetBoston Financial Corporation ,
Columbia Management Group, Inc., Columbia Management Advisors, Inc.
and Columbia Wanger Asset Management, L.P. during the period
between February 13, 1999 and January 14, 2004, inclusive (the
"Class Period"). A copy of the complaintfiled in this action is
available from the Court, or can be viewed on the firm's website at
http://www.cauleygeller.com/show_case.asp?ccode=249&pcode=10&pp=4
. The Funds, and the symbols for the respective Funds named below,
are as follows: Columbia Acorn Fund
(NASDAQ:LACAXNASDAQ:LACBXNASDAQ:LIACXNASDAQ:ACRNX) Columbia Acorn
Select (NASDAQ:LTFAXNASDAQ:LTFBXNASDAQ:LTFCXNASDAQ:ACTWX) Columbia
Acorn USA (NASDAQ:LAUAXNASDAQ:LAUBXNASDAQ:LAUCXNASDAQ:AUSAX)
Columbia Asset Allocation Fund
(NASDAQ:LAAAXNASDAQ:LAABXNASDAQ:LAACXNASDAQ:GBAAXNASDAQ:
NASDAQ:GAAAXNASDAQ:GAATX) Columbia Balanced Fund
(NASDAQ:CBLAXNASDAQ:CBLBXNASDAQ:CBLCXNASDAQ:CBLDXNASDAQ:CBALX)
Columbia Common Stock Fund
(NASDAQ:CMSAXNASDAQ:CMSBXNASDAQ:CCSCXNASDAQ:CMSDXNASDAQ:CMSTX)
Columbia Disciplined Value Fund
(NASDAQ:LEVAXNASDAQ:LEVBXNASDAQ:LEVCXNASDAQ:GEVBXNASDAQ:
NASDAQ:GALEXNASDAQ:GEVTX) Columbia Dividend Income Fund
(NASDAQ:LBSAXNASDAQ:LBSBXNASDAQ:LBSCXNASDAQ:GEQBXNASDAQ:GEQAXNASDAQ:
NASDAQ:GSFTX) Columbia Growth & Income Fund
(NASDAQ:CFGAXNASDAQ:CFGBXNASDAQ:CFGDXNASDAQ:LGISX) Columbia Growth
Fund
(NASDAQ:CGWAXNASDAQ:CGWBXNASDAQ:CGWCXNASDAQ:CGWDXNASDAQ:CGWGXNASDAQ:CLMBX)
Columbia Growth Stock Fund
(NASDAQ:CGSAXNASDAQ:CGSBXNASDAQ:CGSCXNASDAQ:SRFSX) Columbia Large
Cap Core Fund
(NASDAQ:LCCAXNASDAQ:LCCBXNASDAQ:LCCCXNASDAQ:GGRBXNASDAQ:SGIEXNASDAQ:
NASDAQ:SMGIX) Columbia Large Cap Growth Fund
(NASDAQ:LEGAXNASDAQ:LEGBXNASDAQ:LEGCXNASDAQ:GBEGXNASDAQ:
NASDAQ:GAEGXNASDAQ:GEGTX) Columbia Large Company Index Fund
(NASDAQ:LLIAXNASDAQ:LLIBXNASDAQ:LLICXNASDAQ:ILCIX) Columbia Liberty
Fund (NASDAQ:COLFXNASDAQ:CCFBXNASDAQ:CTCCXNASDAQ:CTCFX) Columbia
Mid Cap Growth Fund
(NASDAQ:CBSAXNASDAQ:CBSBXNASDAQ:CMCCXNASDAQ:CBSDXNASDAQ:CBSGXNASDAQ:
NASDAQ:CBSTXNASDAQ:CLSPX) Columbia Mid Cap Value Fund
(NASDAQ:COLGXNASDAQ:COGBXNASDAQ:CSVCXNASDAQ:LSVSX) Columbia Real
Estate Equity Fund
(NASDAQ:CREAXNASDAQ:CREBXNASDAQ:CRECXNASDAQ:CREDXNASDAQ:
NASDAQ:CREEX) Columbia Small Cap Fund
(NASDAQ:LSMAXNASDAQ:LSMBXNASDAQ:LSMCXNASDAQ:GBSMXNASDAQ:SSCEXNASDAQ:
NASDAQ:SMCEX) Columbia Small Cap Growth Fund (NASDAQ:CMSCX)
Columbia Small Cap Value Fund
(NASDAQ:CSMIXNASDAQ:CSSBXNASDAQ:CSSCXNASDAQ:CSCZX) Columbia Small
Company Equity Fund
(NASDAQ:LSEAXNASDAQ:LSEBXNASDAQ:LSECXNASDAQ:GERBXNASDAQ:
NASDAQ:GASEXNASDAQ:GSETX) Columbia Small Company Index Fund
(NASDAQ:LBIAXNASDAQ:LBIBXNASDAQ:LBICXNASDAQ:ISCIX) Columbia
Strategic Investor Fund
(NASDAQ:CSVAXNASDAQ:CSVBXNASDAQ:CSRCXNASDAQ:CSVDXNASDAQ:
NASDAQ:CSVFX) Columbia Tax-Managed Aggressive Growth Fund
(NASDAQ:LTMAXNASDAQ:LTAGXNASDAQ:LTACXNASDAQ: NASDAQ:LTAZX) Columbia
Tax-Managed Growth Fund
(NASDAQ:STMAXNASDAQ:CTMBXNASDAQ:CTMCXNASDAQ:LMGZX) Columbia
Tax-Managed Growth Fund II
(NASDAQ:LTGAXNASDAQ:LTIIXNASDAQ:LTGCXNASDAQ:LTGZX) Columbia
Tax-Managed Value Fund
(NASDAQ:SRVAXNASDAQ:CTMVXNASDAQ:LTVCXNASDAQ:LTMZX) Columbia
Technology Fund
(NASDAQ:CTCAXNASDAQ:CTCBXNASDAQ:CTHCXNASDAQ:CTCDXNASDAQ:CMTFX)
Columbia Thermostat Fund
(NASDAQ:CTFAXNASDAQ:CTFBXNASDAQ:CTFDXNASDAQ:COTZX) Columbia
Utilities Fund (NASDAQ:CUTLXNASDAQ:CUTBXNASDAQ:CUTFXNASDAQ:LUFZX)
Columbia Young Investor Fund
(NASDAQ:LYIAXNASDAQ:LYIBXNASDAQ:LYICXNASDAQ:SRYIX) Columbia Acorn
International Fund
(NASDAQ:LAIAXNASDAQ:LIABXNASDAQ:LAICXNASDAQ:ACINX) Columbia Acorn
International Select Fund
(NASDAQ:LAFAXNASDAQ:LFFBXNASDAQ:LFFCXNASDAQ: NASDAQ:ACFFX) Columbia
Europe Fund (NASDAQ:NEUAXNASDAQ:LNEBXNASDAQ:LNECXNASDAQ:LNEZX)
Columbia European Thematic Equity Fund (NASDAQ:LSREX) Columbia
Global Equity Fund (NASDAQ:CGUAXNASDAQ:CGUBXNASDAQ:CGUCX) Columbia
Global Thematic Equity Fund (NASDAQ:LSRGX) Columbia International
Equity Fund
(NASDAQ:LIEAXNASDAQ:LIEBXNASDAQ:LIECXNASDAQ:GBIEXNASDAQ:
NASDAQ:GAIEXNASDAQ:GIETX) ColumbiaInternational Stock Fund
(NASDAQ:CISAXNASDAQ:CISBXNASDAQ:CSKCXNASDAQ:CISDXNASDAQ:
NASDAQ:CMISX) Columbia Newport Asia Pacific Fund
(NASDAQ:NWAPXNASDAQ:LNABXNASDAQ:LNACXNASDAQ:LAPSX) Columbia Newport
Japan Opportunities Fund
(NASDAQ:NJOAXNASDAQ:NJOBXNASDAQ:NJOCXNASDAQ: NASDAQ:LNJZX) Columbia
Newport Greater China Fund
(NASDAQ:NGCAXNASDAQ:NGCBXNASDAQ:NGCCXNASDAQ:LNGZX) Columbia Newport
Tiger Fund
(NASDAQ:CNTAXNASDAQ:CNTBXNASDAQ:CNTDXNASDAQ:CNTTXNASDAQ:CNTZX)
Columbia Contrarian Income Fund
(NASDAQ:CHINXNASDAQ:LCIBXNASDAQ:LCICXNASDAQ:LCIZX) Columbia
Corporate Bond Fund
(NASDAQ:LBCAXNASDAQ:LBCBXNASDAQ:LBCCXNASDAQ:GCBTX) Columbia Daily
Income Company Fund (NASDAQ:CDIXX) Columbia Federal Securities Fund
(NASDAQ:CFSAXNASDAQ:CFSOXNASDAQ:CFSCXNASDAQ:LFSZX) Columbia Fixed
Income Securities Fund (NASDAQ:CFIAXNASDAQ:CFIBXNASDAQ:CISCXNASDAQ:
NASDAQ:CFIDXNASDAQ:CFISX) Columbia Floating Rate Advantage Fund
(NASDAQ:XSFRXNASDAQ:XSFBXNASDAQ:XLACXNASDAQ: NASDAQ:XLAZX) Columbia
Floating Rate Fund
(NASDAQ:XLFAXNASDAQ:XLSBXNASDAQ:XLFCXNASDAQ:XLFZX) Columbia High
Yield Fund (NASDAQ:CHGAXNASDAQ:CHGBXNASDAQ:CHDCXNASDAQ:CHGDX),
CMHYX) Columbia High Yield Opportunity Fund
(NASDAQ:COLHXNASDAQ:COHBXNASDAQ:CHYCXNASDAQ:LHYZX) Columbia Income
Fund (NASDAQ:LIIAXNASDAQ:CIOBXNASDAQ:CIOCXNASDAQ:SRINX) Columbia
Intermediate Bond Fund
(NASDAQ:LIBAXNASDAQ:LIBBXNASDAQ:LIBCXNASDAQ:SRBFX) Columbia
Intermediate Government Income Fund
(NASDAQ:LIGAXNASDAQ:LIGBXNASDAQ:
NASDAQ:LIGCXNASDAQ:GGIBXNASDAQ:GALBXNASDAQ:GIBTX) Columbia Money
Market Fund (NASDAQ:CMMXXNASDAQ:CMBXXNASDAQ:CMCXXNASDAQ:LMZXX)
Columbia Quality Plus Bond Fund
(NASDAQ:LQPAXNASDAQ:LQPBXNASDAQ:LQPCXNASDAQ:GBHQXNASDAQ:
NASDAQ:GAHQXNASDAQ:GHQTX) Columbia Short Term Bond Fund
(NASDAQ:CTBAXNASDAQ:CTBBXNASDAQ:CSHCXNASDAQ:CTBDXNASDAQ:CTBGXNASDAQ:
NASDAQ:CTBTXNASDAQ:CUGGX) Columbia Strategic Income Fund
(NASDAQ:COSIXNASDAQ:CLSBXNASDAQ:CLSCXNASDAQ:LSIZX) Columbia US
Treasury Index Fund
(NASDAQ:LUTAXNASDAQ:LUTBXNASDAQ:LUTCXNASDAQ:IUTIX) Columbia
California Tax-Exempt Fund (NASDAQ:CLMPXNASDAQ:CCABXNASDAQ:CCAOX)
Columbia Connecticut Intermediate Municipal Bond
(NASDAQ:LCTAXNASDAQ:LCTBXNASDAQ:
NASDAQ:LCTCXNASDAQ:GCBBXNASDAQ:GCBAXNASDAQ:SCTEX) Columbia
Connecticut Tax-Exempt Fund (NASDAQ:COCTXNASDAQ:CCTBXNASDAQ:CCTCX)
Columbia Florida Intermediate Municipal Bond Fund
(NASDAQ:LFIAXNASDAQ:LFIBXNASDAQ: NASDAQ:LFICXNASDAQ:SFTEX) Columbia
High Yield Municipal Fund
(NASDAQ:LHIAXNASDAQ:CHMBXNASDAQ:CHMCXNASDAQ:SRHMX) Columbia
Intermediate Tax-Exempt Bond Fund
(NASDAQ:LITAXNASDAQ:LITBXNASDAQ:LITCXNASDAQ:
NASDAQ:GIMBXNASDAQ:GIMAXNASDAQ:SETMX) Columbia Managed Municipals
Fund (NASDAQ:LMMAXNASDAQ:LMMBXNASDAQ:LMMCXNASDAQ:SRMMX) Columbia
Massachusetts Intermediate Municipal BondFund (NASDAQ:LMIAXNASDAQ:
NASDAQ:LMIBXNASDAQ:LMICXNASDAQ:GMBBXNASDAQ:GMBAXNASDAQ:SEMAX)
Columbia Massachusetts Tax-Exempt Fund
(NASDAQ:COMAXNASDAQ:CMABXNASDAQ:COMCX) Columbia Municipal Money
Market Fund (NASDAQ:CXMXXNASDAQ:CMNXXNASDAQ:CMXXXNASDAQ:CMZXX)
Columbia National Municipal Bond Fund
(NASDAQ:CNLAXNASDAQ:CNLBXNASDAQ:CNBCXNASDAQ:
NASDAQ:CNLDXNASDAQ:CLNMX) Columbia New Jersey Intermediate
Municipal Bond Fund (NASDAQ:LNIAXNASDAQ:
NASDAQ:LNIBXNASDAQ:LNICXNASDAQ:GNJBXNASDAQ:GNJAXNASDAQ:GNJTX)
Columbia New York Intermediate Municipal Bond Fund
(NASDAQ:LNYAXNASDAQ:LNYBXNASDAQ:
NASDAQ:LNYCXNASDAQ:GBNYXNASDAQ:GANYXNASDAQ:GNYTX) Columbia New York
Tax-Exempt Fund (NASDAQ:COLNXNASDAQ:CNYBXNASDAQ:CNYCX) Columbia
Oregon Municipal Bond Fund
(NASDAQ:COEAXNASDAQ:COEBXNASDAQ:CORCXNASDAQ:COEDXNASDAQ:
NASDAQ:CMBFX) Columbia Pennsylvania Intermediate Municipal Bond
Fund (NASDAQ:LPIAXNASDAQ: NASDAQ:LPIBXNASDAQ:LPICXNASDAQ:GTPAX)
Columbia Rhode Island Intermediate Municipal Bond Fund
(NASDAQ:LRIAXNASDAQ:
NASDAQ:LRIBXNASDAQ:LRICXNASDAQ:GRBBXNASDAQ:GRBAXNASDAQ:GRITX)
Columbia Tax-Exempt Fund (NASDAQ:COLTXNASDAQ:CTEBXNASDAQ:COLCX)
Columbia Tax-Exempt Insured Fund
(NASDAQ:CEXIXNASDAQ:CEIBXNASDAQ:CEINX) The complaint charges
FleetBoston Financial Corporation, Columbia Management Group, Inc.,
Columbia Management Advisors, Inc., Columbia Wanger Asset
Management, L.P., the Columbia Funds, and the Doe Defendants with
violations of the Securities Act of 1933 (the "Securities Act"),
the Securities Exchange Act of 1934 (the "Exchange Act"), among
other claims, and for common law breach of fiduciary duties. The
Complaint alleges that during the Class Period the defendants
engaged in illegal and improper trading practices, in concert with
certain institutional traders, which caused financial injury to the
shareholders of the Columbia Funds. According to the Complaint, the
Defendants surreptitiously permitted certain favored investors,
including the Doe Defendants, to illegally engage in "timing" of
the Columbia Funds whereby these favored investors were permitted
to conduct short-term, "in and out" trading of mutual fund shares,
despite explicit restrictions on such activity in the Columbia
Funds' prospectuses. If you bought shares of the Columbia Funds
between February 13, 1999 and January 14, 2004, inclusive, and you
wish to serve as lead plaintiff, you must move the Court no later
than April 13, 2004. If you are a member of this class, you can
join this class action online at
http://www.cauleygeller.com/template8.asp?pcode=6&pp=1 . Any
member of the purported class may move the Court to serve as lead
plaintiff through Cauley Geller or other counsel of their choice,
or may choose to do nothing and remain an absent class member.
Cauley Geller is a national law firm that represents investors and
consumers in class action and corporate governance litigation. It
is one of the country's premiere firms in the area of securities
fraud, with in-house finance and forensic accounting specialists
and extensive trial experience. Since its founding, Cauley Geller
has recovered in excess of two billion dollars on behalf of
aggrieved shareholders. The firm maintains offices in Boca Raton,
Little Rock and New York. If you have any questions about how you
may be able to recover for your losses, or if you would like to
consider serving as one of the lead plaintiffs in this lawsuit, you
are encouraged to call or e-mail the Firm or visit the Firm's
website at http://www.cauleygeller.com/ . Contact: CAULEY GELLER
BOWMAN & RUDMAN, LLP Samuel H. Rudman, Esq. or David A.
Rosenfeld, Esq. Client Relations Department: Chandra West, Jackie
Addison or Heather Gann P.O. Box 25438 Little Rock, AR 72221-5438
Toll Free: 1-888-551-9944 Fax: 1-501-312-8505 E-mail: DATASOURCE:
Cauley Geller Bowman & Rudman, LLP CONTACT: Samuel H. Rudman,
Esq., or David A. Rosenfeld, Esq., both of Cauley Geller Bowman
& Rudman, LLP, +1-631-367-7100 Web site:
http://www.cauleygeller.com/
http://www.cauleygeller.com/show_case.asp?ccode=249&pcode=10&pp=4
http://www.cauleygeller.com/template8.asp?pcode=6&pp=1
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