We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Eaton Vance Beats Investor's Broker Pay Suit

Law360 (March 30, 2011, 6:07 PM EDT) -- A Massachusetts federal judge on Wednesday tossed a derivative suit alleging a subsidiary of investment management company Eaton Vance Corp. unlawfully pays its broker-dealers asset-based compensation.

Judge Douglas P. Woodlock of the U.S. District Court for the District of Massachusetts concluded that Eaton Vance Municipals Trust's practice of paying, through a subsidiary distributor, asset-based fees to broker-dealers who distribute shares in the trust’s mutual funds does not violate the Investment Advisers Act.

The suit, filed on behalf of the company by shareholder Jeffrey Wiener, alleged that...
To view the full article, register now.




Case Information

Case Title

Wiener v. Eaton Vance Distributors, Inc. et al

Case Number




Nature of Suit

Stockholders Suits


Douglas P. Woodlock

Date Filed

March 26, 2010

Law Firms


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.