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Lawsuit filed for Investors in American Century Capital Portfolios, Inc. (TWVLX, AVLIX, AVUYX, TWADX, ACLCX, AVURX, AVUGX, and AVUDX)

12-07-2021 02:35 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in American Century Capital Portfolios, Inc. (TWVLX, AVLIX, AVUYX, TWADX, ACLCX, AVURX)

A lawsuit was filed on behalf of investors in American Century Capital Portfolios, Inc. (TWVLX, AVLIX, AVUYX, TWADX, ACLCX, AVURX)

An investor, who purchased shares of American Century Capital Portfolios, Inc. (TWVLX, AVLIX, AVUYX, TWADX, ACLCX, AVURX, AVUGX, and AVUDX)), filed a lawsuit over alleged violations of Federal Securities Laws by American Century Capital Portfolios, Inc. ("American Century" or "The Fund").

Investors who purchased shares of American Century Capital Portfolios, Inc. (TWVLX, AVLIX, AVUYX, TWADX, ACLCX, AVURX, AVUGX, and AVUDX) have certain options and for certain investors are short and strict deadlines running. Deadline: January 10, 2022. American Century Capital Portfolios, Inc. (TWVLX, AVLIX, AVUYX, TWADX, ACLCX, AVURX, AVUGX, and AVUDX) investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff claims that the defendants made false and/or misleading statements and/or failed to disclose that the Fund's investment strategy was neither to identify companies whose stock price may not reflect the company's value, nor to purchase the stocks of these undervalued companies and hold each stock until the price has increased to, or is higher than, a level the managers believe more accurately reflects the fair value of the company, that Defendants were not actively managing the Fund (which allegedly included researching and selecting investments for the Fund), that the Defendants employed an investment strategy designed to closely track the performance of the Fund's stated benchmark index, the Russell 1000 Value index, known as "closet indexing”, that the Defendants had no reason to charge substantial fees to the Fund for this purportedly active management while engaging in closet indexing, that the excessive fees virtually ensured that the Fund could not match its benchmark over time, let alone outperform it, and that as a result, the Fund would consistently fail to meet or outperform its benchmark index.

Those who purchased shares of American Century Capital Portfolios, Inc. (TWVLX, AVLIX, AVUYX, TWADX, ACLCX, AVURX, AVUGX, and AVUDX)) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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