THE SUPREME COURT’S REVIEW OF JONES V. HARRIS ASSOCIATES AND § 36(b) CLAIMS UNDER THE INVESTMENT COMPANY ACT OF 1940—A PROSPECTIVE AND ANALYTICAL VIEW

BY JAMES F. KOEHLER, ESQ. AND P. WESLEY LAMBERT, ESQ.

Since its enactment, no plaintiff has ever prevailed in a court case challenging the size of an advisory fee charged by a mutual fund adviser under § 36(b) of the Investment Company Act of 1940 (the “ICA”).
Continue Reading>

Comments are closed.