Class Action News: Smith Barney/Legg Mason Mutual Fund holders

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Mar 2, 2011 3:01 pm

In 2005, Smith Barney was fined $208 Million by the SEC for basically stealing money from its mutual fund shareholders.  Here is a link to the SEC news release:

http://www.sec.gov/news/press/2005-80.htm

A class action was subsequently filed and has been winding its way through the courts for nearly 6 years.  Now, the lawsuit needs additional shareholders to step forward or the lawsuit dies.  Here is a link of the mutual shareholders needed .  They are looking for shareholders who held the funds from 2000-05:

http://www.bernlieb.com/news/smith-barney-transfer/index.html