The investment adviser, sub-adviser, and principal underwriter and distributor for the PIMCO Funds Multi-Manager Series funds agreed to pay $11.6 million to settle allegations that they withheld information with the intent to deceive to the PIMCO MMS Funds' Board of Trustees and shareholders material facts and conflicts of interest that arose from their use of shelf space arrangements with selected broker-dealers. For more info visit https://www.sec.gov/news/press/2004-130.htm