Jones May Be New Standard In Adviser Fee Rulings
Taken from the Second Circuit decision in Gartenberg v. Merrill Lynch Asset Mgmt., 694 F.2d 923 (2d Cir. 1982), the multi-factor test has been routinely applied by courts across the country to determine the reasonableness of such fees.
On May 19, 2008, in a departure from Gartenberg, Chief Judge Easterbrook of...
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