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Fund industry likely to face wave of suits over risk disclosure

The dismal performance of mutual funds could result in a wave of lawsuits alleging that funds failed to disclose the true risk of their investments, according to several industry lawyers.

The dismal performance of mutual funds could result in a wave of lawsuits alleging that funds failed to disclose the true risk of their investments, according to several industry lawyers.

Class actions that hinge on disclosure claims related to underperforming bond funds have already been fi

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