JORDEN BURT ALERT: Supreme Court to Decide Mutual Fund Adviser Fee Case
March 11, 2009
The U.S. Supreme Court has granted certiorari to review the Seventh Circuit's decision in Jones v. Harris Associates, which rejected the approach taken by the Second Circuit in Gartenberg v. Merrill Lynch Asset Mgmt. for reviewing challenges to mutual fund advisory fees brought under Section 36(b) of the Investment Company Act.
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Supreme Court to Decide Mutual Fund Adviser Fee Case