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Law Offices of Howard G. Smith Announces Investigation of Janus Capital Group Inc.

^{Published on 2011-11-09 20:01:33 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against Janus Capital Group Inc. (aJanusa or the aCompanya) (NYSE:JNS) and its Board of Directors related to the Companyas executive compensation package for its CEO and other executives.

The investigation concerns whether the Companyas Board of Directors breached their fiduciary duties by awarding excessive compensation to Janusa executive officers despite approximately 60 percent of the Companyas shareholders rejecting the Boardas recommendation that shareholders vote in favor of the proposed 2010 compensation at the Companyas annual shareholder meeting on April 28, 2011. The 2010 executive compensation packages rejected by the shareholders awarded the Companyas executives approximately $41 million, although during 2010 the Companyas stock price declined approximately 7%, lagging nearly 16% behind the Dow Jones Industrial Average, and is down more than 50% from 2009.

If you are a shareholder of Janus who voted against the 2010 executive compensation packages, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].