California, Ohio Groups to Lead Trading Suits

Investor suits claiming that Putnam Investments and Janus Capital Group engaged in improper trading will be led by California Investment Advisors and the Ohio Tuition Trust Authority, court papers said Thursday.

The two groups will act as lead plaintiffs for suits filed across the country. Ohio will oversee the Putnam suits and California Investment Advisors will oversee the Janus suits, according to an order issued by a group of federal judges in Baltimore.