Steinberg v. Janus Capital Management, LLC

Affirmed by unpublished PER CURIAM opinion.

Unpublished opinions are not binding precedent in this circuit.

This case concerns mutual funds, their administration, and improper practices by the companies hired to manage them. Plaintiff-Appellants (“Plaintiffs”) are individuals who held shares in about one-third of the mutual funds managed by Janus Capital Management LLC (“JCM”). Pursuant to Sections 36(b) and 47(b) of the Investment Company Act of 1940 (“ICA”), Plaintiffs brought derivative claims against JCM, Janus Capital Group Inc. (of which JCM is a subsidiary), and Janus Distributors LLC…