The Law Firm of Schiffrin & Barroway, LLP Announces Janus Mutual Fund Investors Have Until November 4, 2003 to File Lead Plaintiff Motion

Company Release - 10/17/2003 5:55 PM ET

BALA CYNWYD, Pa., Oct. 17 /PRNewswire/ -- The deadline for Janus Mutual Fund investors to move for lead plaintiff in a securities fraud class action recently brought against Janus Capital Group Inc. (NYSE: JNS), Janus Capital Corporation, Janus Capital Management, LLC, Janus Investment Fund (collectively, the "Janus Funds") is rapidly approaching. If you purchased any of the Janus Funds listed below between October 1, 1998 and July 3, 2003, inclusive (the "Class Period") and you wish to be a lead plaintiff in the case, you must move to serve as lead plaintiff by filing a motion in the United States District Court for the District of Colorado by November 4, 2003.

    The following funds are subject to the above class action lawsuit:

    Janus Mercury Fund (Nasdaq: JAMRX)
    Janus High-Yield Fund (Nasdaq: JAHYX)
    Janus Fund (Nasdaq: JANSX)
    Janus Enterprise Fund (Nasdaq: JAENX)
    Janus Olympus Fund (Nasdaq: JAOLX)
    Janus Global Technology Fund (Nasdaq: JAGTX)
    Janus Orion Fund (Nasdaq: JORNX)
    Janus Twenty Fund (Nasdaq: JAVLX)
    Janus Venture Fund (Nasdaq: JAVTX)
    Janus Global Life Sciences Fund (Nasdaq: JAGLX)
    Janus Global Value Fund (Nasdaq: JGVAX)
    Janus Overseas Fund (Nasdaq: JAOSX)
    Janus Worldwide Fund (Nasdaq: JAWWX)
    Janus Balanced Fund (Nasdaq: JABAX)
    Janus Core Equity Fund (Nasdaq: JAEIX)
    Janus Growth and Income Fund (Nasdaq: JAGIX)
    Janus Special Equity Fund (Nasdaq: JSVAX)
    Janus Risk-Managed Stock Fund (Nasdaq: JRMSX)
    Janus Mid Cap Value Fund (Nasdaq: JMCVX, JMIVX)
    Janus Small Cap Value Fund (Nasdaq: JSCVX, JSIVX)
    Janus Federal Tax-Exempt Fund (Nasdaq: JATEX)
    Janus Flexible Income Fund (Nasdaq: JAFIX)
    Janus Short-Term Bond Fund (Nasdaq: JASBX)
    Janus Money Market Fund (Nasdaq: JAMXX)
    Janus Government Money Market Fund (Nasdaq: JAGXX)
    Janus Tax-Exempt Money Market Fund (Nasdaq: JATXX)

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Stuart L. Berman, Esq.) toll-free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at [email protected].

The complaint charges the defendants with violations of the Securities Act of 1933 (the "Securities Act"), the Securities Exchange Act of 1934 (the "Exchange Act"), the Investment Company Act of 1940 (the "Investment Company Act"), and for common law breach of fiduciary duties. The Complaint alleges that the Janus Funds and the other defendants engaged in a fraudulent scheme to defraud and cause financial injury to the shareholders of the Janus Funds.

According to the Complaint, the Janus Funds, Defendants Canary Capital Partners, LLC and Canary Investment Management, LLC (collectively, the "Canary Defendants"), and other defendants engaged in illegal and improper trading practices, in concert with certain institutional traders, which caused financial injury to all shareholders of the Janus Funds. In particular, the Defendants surreptitiously permitted certain favored investors, including the Canary Defendants, to engage in "timing" of the Janus Mutual 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 Janus Mutual Funds' prospectuses.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin & Barroway, which prosecutes class actions in both state and federal courts throughout the country. Schiffrin & Barroway is a driving force behind corporate governance reform, and has recovered in excess of a billion dollars on behalf of institutional and high net worth individual investors. For more information about Schiffrin & Barroway, or to sign up to participate in this action online, please visit http://www.sbclasslaw.com.

If you are a member of the class described above, you may, not later than November 4, 2003, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. You may retain Schiffrin & Barroway, or other counsel of your choice, to serve as your counsel in this action.

      CONTACT:   Schiffrin & Barroway, LLP
                 Marc A. Topaz, Esq.
                 Stuart L. Berman, Esq.
                 Three Bala Plaza East, Suite 400, Bala Cynwyd, PA  19004
                 1-888-299-7706 (toll free) or 1-610-667-7706
                 Or by e-mail at [email protected]


SOURCE  Schiffrin & Barroway, LLP
    -0-                             10/17/2003
    /CONTACT:  Marc A. Topaz, Esq. or Stuart L. Berman, Esq., both of
Schiffrin & Barroway, LLP, +1-888-299-7706, +1-610-667-7706 or
[email protected]/
    /Web site:  http://www.sbclasslaw.com /
    (JNS)

CO:  Schiffrin & Barroway, LLP; Canary Capital Partners, LLC; Canary
     Investment Management, LLC; Janus Capital Group Inc.; Janus Capital
     Corporation; Janus Capital Management, LLC; Janus Investment Fund
ST:  Pennsylvania, Colorado
IN:  FIN MFD
SU:  LAW










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9897 10/17/200317:55 EDThttp://www.prnewswire.com