Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Putnam Facing 16 Suits Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 14, 2003

Putnam Facing 16 Suits

by: Nicole Halsey

Settling yesterday with the SEC was apparently not enough to satisfy Putnam Investment’s investors. In a filing with the SEC, Marsh & McLennan Cos. disclosed that Putnam Investments face 16 class action suits related to the mutual-fund trading scandal, the Wall Street Journal reports.

The company also said that as of November 12, 2003, it and Putnam had been named in two director shareholder suits; one a shareholder derivative action naming Marsh and its directors and another naming Marsh, Putnam and members of the Putnam board of trustee. Another purported ERISA action names Marsh, Putnam and others related to the company.

Also, Secretary of the Massachusetts Secretary of the Commonwealth William Galvin has keep his promise to pursue Putnam despite the SEC settlement. Marsh & McLennan announced that the subpoena Putnam received from the United States Attorney in New York has been withdrawn and replaced with a subpoena from the United States Attorney in Boston, "inquiring into, among other things, matters that are the subject of the SEC and Massachusetts actions."  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF Director Discussion Series - Open Forum (New York), July 22
  2. MFDF Ask Anything webinar - AI Edition, July 24
  3. MFDF webinar - Use of Derivatives by RICs, July 29
  4. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  5. Samfund Soiree Boston 2025, August 21
  6. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  7. ICI ETF Conference, Sep 8-10
  8. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  9. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  10. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  11. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  12. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  13. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  14. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  15. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  16. 10th annual Fuse Forum, October 8
  17. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  18. 2025 MMI Annual Conference, Oct 15-17
  19. MFDF webinar - Series Trust Funds - Effective Board Relationships with Advisers, October 15
  20. MFDF In Focus webinar - Audit Committee Chair, November 5
  21. MFDF webinar - Mutual Fund CCO Compensations: The MPI Annual Survey Update, November 13
  22. MFDF 2026 Directors' Institute, January 26 - 28, 2026
  23. MFDF 2026 Fund Governance & Regulatory Insights Conference, March 5 - 6, 2026




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use