Hartford Financial Can't Escape Suit Over Management Fees

Law360, New York (December 18, 2012, 4:05 PM EST) -- A New Jersey federal judge on Monday refused to toss a suit alleging Hartford Investment Financial Services LLC charged six mutual funds excessive investment management and distribution fees, ruling that the funds' shareholders provided sufficient evidence to withstand dismissal.

HIFSCO, which is the firms' investment adviser, argued that the plaintiffs lacked specificity in their investment management claims and challenged the evidence supporting some of the plaintiffs' distribution fees claims. U.S. District Judge Renee Marie Bumb sided with Hartford on the distribution claims, but said the suit...
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Case Information

Case Title

KASILAG et al v. HARTFORD INVESTMENT FINANCIAL SERVICES, LLC


Case Number

1:11-cv-01083

Court

New Jersey

Nature of Suit

Securities/Commodities

Judge

Renee Marie Bumb

Date Filed

February 25, 2011

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