Supreme Court Braces For Mutual Fund Fee Fight

Law360, New York (October 30, 2009, 4:20 PM EDT) -- 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 Circuit that moved away from nearly 30 years of...
To view the full article, register now.