The allegations read: Plaintiff [customer], an investor in the american
oportunity income fund, inc. Filed a punitive class action
lawsuit on july 12,1997. On september 7,1995, plaintiffs [customer]
et al filed an amended complaint alleging claims against eight
mutual funds and various individuals and entities. The amended
complaint includes allegations similar to allegations in the
original complaint, allegation similar to allgation in the
class action by nelson against the american strategic portfolio
and new allegations. Plaintiff seek to represent a global class
of persons who purchased shares in 8 funds from 5/25/1988 thru
5/1/1995 as well as certain subclasses. Plaintiffs allege
violations of the securities act; the securities exchange act;
the investment co act; the washington consumer's protection
act. Plaintiffs seek recession of monetary damages, treble
compensatory damages, attorney fees, prejudgment interest +
costs. The amended complaint does not specify an amount of
damages sought.
