SOURCE: Stull, Stull & Brody

April 11, 2006 20:16 ET

Stull, Stull & Brody Announces Class Action Against American International Group, Inc. on Behalf of Purchasers of MFS Mutual Funds

NEW YORK, NY -- (MARKET WIRE) -- April 11, 2006 -- Notice is hereby given that a class action lawsuit was filed on April 7, 2006 in the United States District Court for the Eastern District of New York against American International Group, Inc. and certain of its affiliates, on behalf of those who purchased MFS mutual funds from the AIG Advisor Group (as defined below) during the period between June 30, 2000 and June 8, 2005, inclusive (the "Class Period").

During the Class Period, the AIG Advisor Group consisted of the following broker-dealers: Royal Alliance, Inc., SunAmerica Securities, Inc., FSC Securities Corp., Sentra Securities Corporation, Spelman & Co., Inc., and Advantage Capital Corp.

If you purchased MFS mutual funds or any funds participating in the AIG Advisor Group revenue sharing programs ("Shelf-Space Funds," as defined below) through an AIG Advisor Group broker-dealer between June 30, 2000 and June 8, 2005, inclusive, and sustained damages, you may, no later than June 6, 2006, file a motion with the Court requesting to be appointed as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member is most capable of adequately representing the interests of the other class members. Under certain circumstances, more than one class member may serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in this action. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 30 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in both New York and Los Angeles.

The MFS mutual funds and their respective symbols are as follows:

MFS Capital Opportunities Fund (NASDAQ: MCOFX) (NASDAQ: MCOBX)
 (NASDAQ: MCOCX) (NASDAQ: MFCRX) (NASDAQ: MCOTX) (NASDAQ: EACOX)
 (NASDAQ: EBCOX) (NASDAQ: ECCOX) (NASDAQ: MCOIX)
MFS Core Growth Fund (NASDAQ: MFCAX) (NASDAQ: MFCBX) (NASDAQ: MFCCX)
 (NASDAQ: MCFRX) (NASDAQ: MCRRX) (NASDAQ: MFCIX)
MFS Emerging Growth Fund (NASDAQ: MEGRX) (NASDAQ: MEGBX)
 (NASDAQ: MFECX) (NASDAQ: MFERX) (NASDAQ: MEGRX) (NASDAQ: EAGRX)
 (NASDAQ: EBEGX) (NASDAQ: ECEGX) (NASDAQ: MFEGX) (NASDAQ: MFEIX)
MFS Growth Opportunities Fund (NASDAQ: MGOFX) (NASDAQ: MGOBX)
MFS Large Cap Growth Fund (NASDAQ: MCGAX) (NASDAQ: MCGBX)
MFS Managed Sectors Fund (NASDAQ: MMNSX) (NASDAQ: MSEBX) (NASDAQ: MMNCX)
MFS Mid Cap Growth Fund (NASDAQ: OTCAX) (NASDAQ: OTCBX) (NASDAQ: OTCCX)
 (NASDAQ: MMCRX) (NASDAQ: MCPRX) (NASDAQ: EAMCX) (NASDAQ: EBCGX)
 (NASDAQ: ECGRX) (NASDAQ: OTCIX)
MFS New Discovery Fund (NASDAQ: MNDAX) (NASDAQ: MNDBX) (NASDAQ: MNDCX)
 (NASDAQ: MFNRX) (NASDAQ: MNDRX) (NASDAQ: EANDX) (NASDAQ: EBNDX)
 (NASDAQ: ECNDX) (NASDAQ: MNDIX)
MFS New Endeavor Fund (NASDAQ: MECAX) (NASDAQ: MECBX) (NASDAQ: MECCX)
 (NASDAQ: MNERX) (NASDAQ: MENRX) (NASDAQ: MECIX)
MFS Research Fund (NASDAQ: MFRFX) (NASDAQ: MFRBX) (NASDAQ: MFRCX)
 (NASDAQ: MFRRX) (NASDAQ: MSRRX) (NASDAQ: EARFX) (NASDAQ: EBRFX)
 (NASDAQ: ECRFX)
MFS Strategic Growth Fund (NASDAQ: MFSGX) (NASDAQ: MSBGX) (NASDAQ: MFGCX)
 (NASDAQ: MSGRX) (NASDAQ: MSTRX) (NASDAQ: EASGX) (NASDAQ: EBSGX)
 (NASDAQ: ECSGX) (NASDAQ: MSGIX)
MFS Technology Fund (NASDAQ: MTCAX) (NASDAQ: MTCBX) (NASDAQ: MTCCX)
 (NASDAQ: MTQRX) (NASDAQ: MTERX) (NASDAQ: MTCIX)
Massachusetts Investors Growth Stock (NASDAQ: MIGFX) (NASDAQ: MIGBX)
 (NASDAQ: MIGDX) (NASDAQ: MIGRX) (NASDAQ: MIRGX) (NASDAQ: EISTX)
 (NASDAQ: EMIVX) (NASDAQ: EMICX) (NASDAQ: MGTIX)
MFS Mid Cap Value Fund (NASDAQ: MVCAX) (NASDAQ: MCBVX) (NASDAQ: MVCCX)
 (NASDAQ: MMVRX) (NASDAQ: MCVRX) (NASDAQ: EACVX) (NASDAQ: EBCVX)
 (NASDAQ: ECCVX) (NASDAQ: MCVIX)
MFS Research Growth and Income Fund (NASDAQ: MRGAX) (NASDAQ: MRGBX)
 (NASDAQ: MRGCX) (NASDAQ: MGIRX) (NASDAQ: MRERX) (NASDAQ: MRGRX)
MFS Strategic Value Fund (NASDAQ: MSVTX) (NASDAQ: MSVCX) (NASDAQ: MQSVX)
 (NASDAQ: MSVRX) (NASDAQ: MVSRX) (NASDAQ: EASVX) (NASDAQ: EBSVX)
 (NASDAQ: ECSVX) (NASDAQ: MSVLX) (NASDAQ: MISVX)
MFS Total Return Fund (NASDAQ: MSFRX) (NASDAQ: MTRBX) (NASDAQ: MTRCX)
 (NASDAQ: MFTRX) (NASDAQ: MTRRX) (NASDAQ: EATRX) (NASDAQ: EBTRX)
 (NASDAQ: ECTRX) (NASDAQ: MTRIX)
MFS Union Standard Equity Fund (NASDAQ: MUEAX) (NASDAQ: MUSBX)
 (NASDAQ: MUECX) (NASDAQ: MUSEX)
MFS Utilities Fund (NASDAQ: MMUFX) (NASDAQ: MMUBX) (NASDAQ: MMUCX)
 (NASDAQ: MMURX) (NASDAQ: MURRX) (NASDAQ: MMUIX)
MFS Value Fund (NASDAQ: MEIAX) (NASDAQ: MFEBX) (NASDAQ: MEICX)
 (NASDAQ: MFVRX) (NASDAQ: MVRRX) (NASDAQ: EAVLX) (NASDAQ: EBVLX)
 (NASDAQ: ECVLX) (NASDAQ: MEIIX)
Massachusetts Investors Trust (NASDAQ: MITTX) (NASDAQ: MITBX)
 (NASDAQ: MITCX) (NASDAQ: MITRX) (NASDAQ: MIRTX) (NASDAQ: EAMTX)
 (NASDAQ: EBMTX) (NASDAQ: ECITX) (NASDAQ: MITIX)
MFS Aggressive Growth Allocation Fund (NASDAQ: MAAGX) (NASDAQ: MBAGX)
 (NASDAQ: MCAGX) (NASDAQ: MAARX) (NASDAQ: MAWAX) (NASDAQ: EAGTX)
 (NASDAQ: EBAAX) (NASDAQ: ECAAX) (NASDAQ: MIAGX)
MFS Conservative Allocation Fund (NASDAQ: MACFX) (NASDAQ: MACBX)
 (NASDAQ: MACVX) (NASDAQ: MACRX) (NASDAQ: MCARX) (NASDAQ: ECLAX)
 (NASDAQ: EBCAX) (NASDAQ: ECACX) (NASDAQ: MACIX)
MFS Growth Allocation Fund (NASDAQ: MAGWX) (NASDAQ: MBGWX)
 (NASDAQ: MCGWX) (NASDAQ: MGARX) (NASDAQ: MGALX) (NASDAQ: EAGWX)
 (NASDAQ: EBGWX) (NASDAQ: ECGWX) (NASDAQ: MGWIX)
MFS Moderate Allocation Fund (NASDAQ: MAMAX) (NASDAQ: MMABX)
 (NASDAQ: MMACX) (NASDAQ: MAMRX) (NASDAQ: MARRX) (NASDAQ: MAMDX)
 (NASDAQ: EBMDX) (NASDAQ: ECMAX) (NASDAQ: MMAIX)
MFS Bond Fund (NASDAQ: MFBFX) (NASDAQ: MFBBX) (NASDAQ: MFBCX)
 (NASDAQ: MFBRX) (NASDAQ: MBRRX) (NASDAQ: EABDX) (NASDAQ: EBBDX)
 (NASDAQ: ECBDX (NASDAQ: MBDIX)
MFS Emerging Markets Debt Fund (NASDAQ: MEDAX) (NASDAQ: MEDBX)
 (NASDAQ: MEDCX) (NASDAQ: MEDIX)
MFS Government Limited Maturity Fund (NASDAQ: MGLFX) (NASDAQ: MGLBX)
 (NASDAQ: MGLCX)
MFS Government Mortgage Fund (NASDAQ: MGMTX) (NASDAQ: MGTBX)
 (NASDAQ: MGMIX)
MFS Government Securities Fund (NASDAQ: MFGSX) (NASDAQ: MFGBX)
 (NASDAQ: MFGDX) (NASDAQ: MGSRX) (NASDAQ: MGVSX) (NASDAQ: EAGSX)
 (NASDAQ: EBGSX) (NASDAQ: ECGSX)
MFS High Income Fund (NASDAQ: MHITX) (NASDAQ: MHIBX) (NASDAQ: MHICX)
 (NASDAQ: EAHIX) (NASDAQ: EMHBX) (NASDAQ: EMHCX) (NASDAQ: MHIIX)
 (NASDAQ: MHIRX)
MFS High Yield Opportunities Fund (NASDAQ: MHOAX) (NASDAQ: MHOBX)
 (NASDAQ: MHOCX) (NASDAQ: MHOIX)
MFS Intermediate Investment Grade Bond Fund (NASDAQ: MGBFX) (NASDAQ: MGBVX)
 (NASDAQ: MGBCX) (NASDAQ: MGBEX) (NASDAQ: MIBRX)
MFS Limited Maturity Fund (NASDAQ: MQLFX) (NASDAQ: MQLBX) (NASDAQ: MQLCX)
 (NASDAQ: EALMX) (NASDAQ: EBLMX) (NASDAQ: ELDCX) (NASDAQ: MLDRX)
MFS Research Bond Fund (NASDAQ: MRBFX) (NASDAQ: MRBBX) (NASDAQ: MRBCX)
 (NASDAQ: EARBX) (NASDAQ: EBRBX) (NASDAQ: ECRBX) (NASDAQ: MRBIX)
 (NASDAQ: MRBRX)
MFS Strategic Income Fund (NASDAQ: MFIOX) (NASDAQ: MIOBX) (NASDAQ: MIOCX)
 (NASDAQ: MFIIX)
MFS Alabama Municipal Bond Fund (NASDAQ: MFALX) (NASDAQ: MBABX)
MFS Arkansas Municipal Bond Fund (NASDAQ: MFARX) (NASDAQ: MBARX)
MFS California Municipal Bond Fund (NASDAQ: MCFTX) (NASDAQ: MBCAX)
 (NASDAQ: MCCAX)
MFS Florida Municipal Bond Fund (NASDAQ: MFFLX) (NASDAQ: MBFLX)
MFS Georgia Municipal Bond Fund (NASDAQ: MMGAX) (NASDAQ: MBGAX)
MFS Maryland Municipal Bond Fund (NASDAQ: MFSMX) (NASDAQ: MBMDX)
MFS Massachusetts Municipal Bond Fund (NASDAQ: MFSSX) (NASDAQ: MBMAX)
MFS Mississippi Municipal Bond Fund (NASDAQ: MISSX) (NASDAQ: MBMSX)
MFS Municipal Bond Fund (NASDAQ: MMBFX) (NASDAQ: MMBBX)
MFS Municipal Limited Maturity Fund (NASDAQ: MTLFX) (NASDAQ: MTLBX)
 (NASDAQ: MTLCX)
MFS New York Municipal Bond Fund (NASDAQ: MSNYX) (NASDAQ: MBNYX)
 (NASDAQ: MCNYX)
MFS North Carolina Municipal Bond Fund (NASDAQ: MSNCX) (NASDAQ: MBNCX)
 (NASDAQ: MCNCX)
MFS Pennsylvania Municipal Bond Fund (NASDAQ: MFPAX) (NASDAQ: MBPAX)
MFS South Carolina Municipal Bond Fund (NASDAQ: MFSCX) (NASDAQ: MBSCX)
MFS Tennessee Municipal Bond Fund (NASDAQ: MSTNX) (NASDAQ: MBTNX)
MFS Virginia Municipal Bond Fund (NASDAQ: MSVAX) (NASDAQ: MBVAX)
 (NASDAQ: MVACX)
MFS West Virginia Municipal Bond Fund (NASDAQ: MFWVX) (NASDAQ: MBWVX)
MFS Emerging Markets Equity Fund (NASDAQ: MEMAX) (NASDAQ: MEMCX)
 (NASDAQ: MEMIX) (NASDAQ: MEMBX)
MFS Global Equity Fund (NASDAQ: MWEFX) (NASDAQ: MWEBX) (NASDAQ: MWECX)
 (NASDAQ: MWEIX) (NASDAQ: MGERX)
MFS Global Growth Fund (NASDAQ: MWOFX) (NASDAQ: MWOBX) (NASDAQ: MWOCX)
(NASDAQ: MWOIX) (NASDAQ: MGLRX)
MFS Global Total Return Fund (NASDAQ: MFWTX) (NASDAQ: MFWBX)
 (NASDAQ: MFWCX) (NASDAQ: MFWIX) (NASDAQ: MGRRX)
MFS International Growth Fund (NASDAQ: MGRAX) (NASDAQ: MGRBX)
 (NASDAQ: MGRCX) (NASDAQ: MQGIX)
MFS International New Discovery Fund (NASDAQ: MIDAX) (NASDAQ: MIDBX)
 (NASDAQ: MIDCX) (NASDAQ: EAIDX) (NASDAQ: EBIDX) (NASDAQ: ECIDX)
 (NASDAQ: MWNIX) (NASDAQ: MINRX)
MFS International Value Fund (NASDAQ: MGIAX) (NASDAQ: MGIBX)
 (NASDAQ: MGICX) (NASDAQ: MINIX)
MFS Research International Fund (NASDAQ: MRSAX) (NASDAQ: MRIBX)
 (NASDAQ: MRICX) (NASDAQ: EARSX) (NASDAQ: EBRIX) (NASDAQ: ECRIX)
 (NASDAQ: MRSIX) (NASDAQ: MRIRX)

The Shelf-Space Funds include the following mutual fund families: AIG SunAmerica, AIM, AllianceBernstein, American, American Skandia, Columbia, Fidelity, Franklin Templeton, Hartford, John Hancock, MFS, NationsFunds, Pacific Life, Pioneer, Putnam, Oppenheimer, Scudder, Van Kampen, and WM.

This action is pending in the United States District Court for the Eastern District of New York against defendant American International Group, Inc. and certain of its affiliated entities. The complaint alleges that during the Class Period, defendants served as financial advisors who purportedly provided unbiased and honest investment advice to their clients. Unbeknownst to investors, defendants, in clear contravention of their disclosure obligations and fiduciary responsibilities, failed to properly disclose that they had engaged in a scheme to aggressively push AIG Advisor Group sales personnel to steer clients into purchasing Shelf-Space Funds that provided financial incentives and rewards to the AIG Advisor Group and its personnel based on holdings and/or sales. The complaint alleges that defendants' undisclosed sales practices created an insurmountable conflict of interest by providing substantial monetary incentives to sell Shelf-Space Funds, even though such investments were not in the clients' best interest. The AIG Advisor Group's failure to adequately disclose the incentives constituted violations of federal securities laws.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact James Lahm, Esq. at the offices of Stull, Stull & Brody.

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