As Special Counsel to the Ohio Attorney General, MMM+B is seeking to recover funds the Ohio Plan lost because of Pilgrim Baxter's breach of its fiduciary duties. According to a January 23, 2004 press release from Ohio Attorney General Jim Petro, “[t]housands of Ohio's public servants trusted Pilgrim Baxter with their retirement dollars and the company responded by letting short-term investors reap unjust windfalls. . . . Not only did the company lie about monitoring clients who take advantage of short-term price changes, the founders of Pilgrim Baxter also participated in market timing to enrich themselves.”