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Columbia and Columbia Acorn Funds Case 03/03/2005

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Lawsuit Overview

In a recent decision by the U.S. Court of Appeals for the First Circuit, the court overruled the dismissal of the claims against former Columbia Funds executives James Tambone and Robert Hussey. The SEC alleges that Tambone and Hussey knowingly distributed false prospectuses, inaccurately stating that market timing was permitted. Thus allowing 8 preferred customers to market time Co...



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