Investors' Suit V. Lord Abbett Paused For High Court

Law360, New York (May 12, 2009, 12:00 AM EDT) -- A federal judge has put on hold a putative class action accusing money management firm Lord Abbett & Co. LLC of charging investors excessive fees until the U.S. Supreme Court returns a decision in a case involving similar claims.

Judge William J. Martini of the U.S. District Court for the District of New Jersey on Friday ruled that a Supreme Court decision in Jones v. Harris Associates LP could resolve an appeals court split on questions being put forth in the lawsuit against Lord Abbett....
To view the full article, register now.