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SECURITIES FRAUD
Securities Class Action Suit Filed Against
ING Funds
The firm of Shapiro Haber & Urmy LLP
is prosecuting an action in the
United States District Court for the
District of Massachusetts, alleging
breach of fiduciary duty against ING
Investments, LLC and ING Investment
Management Co., formerly known as
Aeltus Investment Management, Inc.
This is an action brought by the
plaintiffs on behalf of ING
Principal Protection Fund, ING
Principal Protection Fund II and ING
Principal Protection Fund IV
(collectively referred to as the
"Funds"), for breach by the
defendants of their fiduciary duty
to the Funds and the Funds’
shareholders and for violation of
Section 36(b) of the Investment
Company Act of 1940, 15 U.S.C.
§80a-35(b). The complaint alleges
that the defendants have breached
their fiduciary duty to the Funds
and their shareholders by approving,
charging, and receiving the payment
by the Funds of advisory fees which
are excessive. Plaintiffs seek
recovery for the Funds, from the
defendants, the excessive fees paid
by the Funds to the defendants.
We believe that the other Principal
Protection Funds have similar
claims. If you are a
shareholder in ING Principal
Protection Fund III and ING
Principal Protection Funds V through
XII, we would very much like to
discuss this matter with you.
If you would like more information
or would like to discuss joining
this action, please contact Edward
F. Haber, Esq., or Allison Newman,
Legal Assistant, Shapiro Haber &
Urmy LLP, 53 State Street, Boston,
MA 02109, (617) 439-3939, fax at
(617) 439-0134, or email at
cases@shulaw.com.
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