New York, New York – (Newsfile Corp. – November 26, 2021) – Klein law firm announces that a class action lawsuit has been filed on behalf of shareholders of American Century Capital Portfolios, Inc. (NASDAQ: TWVLX) alleging that the Company has violated federal securities laws.
This legal action is on behalf of all investors who have purchased or otherwise acquired (NASDAQ: TWVLX, AVLIX, AVUYX, TWADX, ACLCX, AVURX, AVUGX and AVUDX) in accordance with the registration statements and prospectuses filed between November 5 2018 and present.
Lead Applicant Deadline: January 10, 2022
No obligation or cost to you.
Learn more about your recoverable losses in TWVLX:
American Century Capital Portfolios, Inc. NEWS – TWVLX NEWS
CLASS ACTION CASE DETAILS: The complaint filed alleges that American Century Capital Portfolios, Inc. made false and / or misleading statements and / or failed to disclose that: (i) the Fund’s investment strategy was not to identify the companies whose share price may not reflect the value of the company, nor buy the shares of those undervalued companies and hold each share until the price has risen or is above a level which, in the opinion of managers, more accurately reflects the fair value of the company; (ii) the Defendants did not actively manage the Fund (which would have included seeking and selecting investments for the Fund); (iii) the Defendants employed an investment strategy designed to closely track the performance of the Fund’s stated benchmark, the Russell 1000 Value Index, known as âclosed indexationâ; (iv) the Defendants had no reason to charge the Fund substantial fees for this allegedly active management while engaging in closet indexing; (v) excessive fees virtually guaranteed that the Fund could not match its benchmark over time, let alone outperform it; and (vi) as a result, the Fund would fail to consistently achieve or outperform its benchmark.
WHAT THIS MEANS FOR YOU AS A SHAREHOLDER: If you have suffered a loss in American Century Capital, you have up to January 10, 2022 apply to the court for principal applicant status. Your ability to participate in any recovery does not require you to serve as the principal applicant.
NO COT FOR YOU: If you purchased securities of American Century Capital during the relevant period, you may be entitled to compensation without payment of out-of-pocket expenses.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For more information on the TWVLX trial, please contact J. Klein, Esq. by phone at 212-616-4899 or click on this link.
ABOUT THE KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigation involving financial fraud nationwide. Klein Law Firm is a litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced lawyers have achieved superior results for our clients with a personalized approach. Lawyer advertising. Past results do not guarantee similar results.
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
New York, New York 10118
Telephone: (212) 616-4899
Fax: (347) 558-9665
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105231