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Supreme Court Braces For Mutual Fund Fee Fight

Law360, New York (October 30, 2009) -- The U.S. Supreme Court is set to hear arguments from a group of clients alleging that mutual fund manager Harris Associates LP charged excessive fees, in a case that observers say could have a dramatic effect on the fee structure of the $11.5 trillion mutual fund industry.

On Monday, the high court will hear oral arguments in Jones v. Harris Associates, an appeal of a May 2008 decision in the U.S. Court of Appeals for the Seventh...

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