Another Mutual Fund Adviser Prevails at Trial in Excessive Fee Litigation
USA - March 15 2017 Following a four-day bench trial, Judge Renee Marie Bumb of the U.S. District Court for the District of New Jersey ruled in favor of an adviser on...
Kenneth E. Burdon, Seth M. Schwartz, Aaron T. Morris.
Key Takeaways: Recent Investment Management Litigation and Regulatory Developments
USA - March 9 2017 On February 28, 2017, Skadden hosted a webinar titled “Recent Investment Management Litigation and Regulatory Developments.” The Skadden panelists...
Kenneth E. Burdon, Seth M. Schwartz, Colleen P. Mahoney.
Plaintiffs Facing Headwinds in Pending Mutual Fund Fee Litigation
USA - November 22 2016 With the first-filed cases at or near completion, the results are not looking good for the plaintiffs in the latest wave of mutual fund fee...
Seth M. Schwartz, Aaron T. Morris, Marley Ann Brumme.
What Can Mutual Fund Boards and Advisers Learn From the AXA Trial Ruling?
USA - September 8 2016 In the first trial of a recent wave of cases under Section 36(b) of the Investment Company Act, Judge Peter G. Sheridan of the U.S. District Court...
Kenneth E. Burdon, Thomas A. DeCapo.
Supreme Court recognizes ERISA fiduciary duty to monitor plan investments
USA - May 20 2015 On May 18, 2015, a unanimous U.S. Supreme Court held in Tibble v. Edison International that fiduciaries who select investment options for 401(k)...
Seth M. Schwartz, Michael S. Hines, David Polster.
