Investors sued Wachovia Corp. and its affiliates on Monday, charging them with causing losses by incorrectly valuing shares of a now-defunct bond fund and making risky investments in the fund.

Investors Albert Krantzberg and Irene Krantzberg claimed in the suit filed in a federal court in Boston that Wachovia and its affiliates "incorrectly" valued and sold the shares of the Evergreen Ultra Short Opportunities Fund "at an artificially inflated price" between August 2007 and June 2008.

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