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....
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