SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

August 10, 2011 15:54 ET

The Law Firm of Levi & Korsinsky, LLP Notifies Shareholders of Claims of Breaches of Fiduciary Duty Against the Board of Janus Capital Group Inc. in Connection With the Company's Executive Compensation

NEW YORK, NY--(Marketwire - Aug 10, 2011) - Levi & Korsinsky, LLP notifies investors in Janus Capital Group Inc. ("Janus Capital" or the "Company") (NYSE: JNS) of claims of breaches of fiduciary duty by the Board of Directors of the Company in connection with the Company's 2010 compensation for its CEO and other executives. If you owned shares during this time period, you may be affected. A complaint was filed in Colorado district court.

To get more information, click here: http://zlk.9nl.com/januscap/.

At the Company's annual shareholder meeting held April 28, 2011, shareholders voted "no" on Janus Capital Group's say on pay provision. The claims concern whether certain senior officers and executives of Janus Capital were awarded salaries, bonuses, and/or other forms of compensation that were excessive or unwarranted based on Janus Capital's performance.

Specifically, Janus Capital's CEO earned a total compensation of $20.33 million in 2010, including $10 million in restricted stock. Shares of Janus Capital traded as low as $3.95 per share in March of 2009, with the Company's Total Revenue dropping from $1.117 billion in 2007 to $848.70 million in 2009.

If you own common stock in Janus Capital and would like to speak to an attorney, please contact Eduard Korsinsky, Esq. either via email at ek@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/Janus/.

Levi & Korsinsky has expertise in protecting shareholders' rights and prosecuting investor securities litigation. The attorneys at Levi & Korsinsky have extensive experience in litigating actions on behalf of shareholders victimized by financial fraud and represent investors throughout the nation. Levi & Korsinsky has been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities fraud cases. For more information, please feel free to contact any of the attorneys listed below.

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Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Eduard Korsinsky, Esq.
    30 Broad Street - 15th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com