RJ and Makay

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The Supreme Court ruled on Monday that Janus Group and a subsidiary couldn’t be held liable in a shareholder suit over allegedly false statements in prospectuses for several Janus mutual funds.  In a narrow 5-4 for vote, the justices overturned an earlier U.S. Court of Appeals ruling that a class-action securities fraud lawsuit could go forward.

Lipper, a Thomson Reuters company, has revealed the winners of its 2011 mutual fund awards. The awards are considered high honors because only funds that have delivered consistently strong risk-adjusted performance versus their peers are chosen as winners. The awards are announced each year at ceremonies in 23 countries in Asia, Europe, MENA, and the Americas.

Individual mutual funds can win a Lipper for outstanding performance in their asset class for the trailing three, five, and ten-year periods; one-year returns may be recognized in special cases. Fund families can also win a Lipper for strong overall results during the prior three years.