March 01, 2019
Skadden Arps Slate Meagher & Flom LLP helped investment giant BlackRock Inc. defeat a $1.5 billion proposed class action challenging mutual fund advisory fees thanks to a trial team's combination of strategic discovery limitation and skillful pacing of expert witness impeachment, along with "educational" testimony unveiling the complexities of asset management.
February 11, 2019
Three BlackRock Inc. units have defeated a $1.2 billion suit by shareholders of two mutual funds who alleged they paid “excessive” advisory fees compared to those paid by subadvised funds for substantially the same services, according to a New Jersey federal court order.
March 27, 2015
A New Jersey federal judge refused on Wednesday to dismiss a suit accusing investment giant BlackRock Inc. of charging two mutual funds excessive advisory fees, finding the funds adequately pled claims that they were charged $280 million more per year than subadvised funds for similar services.
June 27, 2014
Affiliates of investment giant BlackRock Inc. asked a New Jersey federal judge Thursday to toss a consolidated suit accusing them of pummeling two mutual funds with improper and excessive advisory fees, saying that the fees were well within reasonable range.