The New York Attorney General and the Wisconsin Attorney General announced a $115 million settlement -- $80 million in disgorgement and penalties along with $35 million in fee reductions -- with a leading mutual fund company to resolve allegations of unlawful trading of mutual funds through market timing. The settlement was negotiated together with the SEC, which issued its own announcement concerning the $80 million penalty; at https://www.sec.gov/news/press/2004-69.htm For more info visit https://web.archive.org/web/20100214201344/http://www.ag.ny.gov/media_center/2004/may/may20a_04.html