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Pepper Hamilton LLP | USA | 13 Dec 2010

Federal court reaffirms gartenberg excessive fee framework

In the first excessive-fee case decided by a federal court in the wake of the U.S. Supreme Court’s ruling in Jones v. Harris Associates, the United States District Court for the District of Minnesota on December 9 reinstated its order granting summary judgment to defendant Ameriprise Financial in Gallus v. Ameriprise.

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