Investors Knock Advisory Firm's Request To End Fee Suit

Law360 (July 16, 2018, 6:29 PM EDT) -- Investors accusing Davis Selected Advisers LP of charging excessive fees in one of its mutual funds pushed back on the firm's bid to have the suit thrown out, telling a New York federal judge Friday that conflicting factual evidence merits sending it to trial.

Davis had argued in a motion for summary judgment that shareholders couldn't reasonably compare the advisory fees it charged other mutual funds as a subadviser without considering the differing nature of the relationship. But the investors said the comparison is justified, arguing the extent of the services Davis provides is a question of fact that can't be...

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