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New York, New York--(Newsfile Corp. - December 1, 2021) - The Law Offices of Vincent Wong announce that a class action lawsuit has commenced in the on behalf of investors who purchased American Century Capital Portfolios, Inc. ("American Century Capital") (NASDAQ: TWVLX) . This lawsuit is on behalf of all investors who purchased or otherwise acquired (NASDAQ: TWVLX, AVLIX, AVUYX, TWADX, ACLCX, AVURX, AVUGX, and AVUDX) pursuant and or traceable to registration statements and prospectuses filed between November 5, 2018 and the present..
If you suffered a loss, contact us at the link below. There is no cost or obligation to you.
Allegations against TWVLX include that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) 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; (ii) Defendants were not actively managing the Fund (which allegedly included researching and selecting investments for the Fund); (iii) 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"; (iv) Defendants had no reason to charge substantial fees to the Fund for this purportedly active management while engaging in closet indexing; (v) the excessive fees virtually ensured that the Fund could not match its benchmark over time, let alone outperform it; and (vi) as a result, the Fund would consistently fail to meet or outperform its benchmark index.
If you suffered a loss in American Century Capital you have until January 10, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
Vincent Wong, Esq.
39 East Broadway
New York, NY 10002
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106108