U.S. Supreme Court
Apr. 1, 2010
Court Limits Mutual Fund Fee Suits
A unanimous U.S. Supreme Court made it clear Tuesday that shareholders can only file suit over excessive mutual fund fees in limited circumstances.
Daily Journal Staff Writer
WASHINGTON - A unanimous U.S. Supreme Court made it clear Tuesday that shareholders can only file suit over excessive mutual fund fees in limited circumstances.
In doing so, the court vacated a 7th U.S. Circuit Court of Appeals ruling that would have made it even harder for plaintiffs to sue. The justices did not hand an outright victory to either Harris Associates, a mutual ...
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