Keller Rohrback represents individuals who were the beneficial owners of common shares of the Eaton Vance Tax-Advantaged Global Dividend Income Fund (the “Fund”) at any time from March 10, 2008 through the present (the “Class Period”). In addition to issuing the common stock held by Plaintiff and the Class, the Fund issued auction market preferred stock (“ARPS”).
The ARPS provided the Fund with long-term financing at short-term interest rates.
Plaintiff’s class action complaint, which was filed in the United States District Court for the District of Massachusetts, alleges that during the Class Period, Defendants breached their fiduciary duties by: (i) unfairly favoring the preferred ARPS shareholders over the common shareholders by enabling the former to redeem their shares at par, at the expense of the common shareholders, while not providing a similar opportunity to the common shareholders; (ii) causing one group of shareholders to receive a benefit to which they were not entitled at the expense of another group of shareholders; and (iii) causing the Fund to redeem the ARPS and replace it with unfavorable debt financing, thus frustrating the reasonable expectations that were created by certain Defendants through the Funds’ statements to the SEC and the public. Additionally, the complaint alleges that certain Defendants aided and abetted a breach of fiduciary duty and that certain Defendants were unjustly enriched as a result of these actions.
If you wish to discuss this action or have any questions, please contact attorneys James Bloom, Gary Gotto or Lynn Sarko toll-free at (800) 776-6044 or via email at investor@kellerrohrback.com.
EatonVanceTaxAdv_Complaint_061810.pdf 
