So you thought you had seen the last of the mutual fund market timing cases. So did a lot of people. But Eliot Spitzer has just sued J. & W. Seligman & Co. for various timing abuses. Spitzer plainly does not believe the company's claims that it could find only four cases of improper timing arrangements--to the tune of just $2 million. Spitzer's office found another 35 improper timing agreements, hence the suit. Look for a settlement--restitution plus a reduction in fees for customers. That's basically the Spitzer way. For the most part, these cases seem a bit passé now. Most people assume the next spate in proceedings will involve individual brokers.

For more on J. & W. Seligman & Co.:
- Here's an AP article