July 03, 2019
Investors accusing Davis Selected Advisers LP of charging excessive fees in one of its funds have failed to prove that the firm breached its fiduciary duties under the Investment Company Act of 1940, a New York federal judge ruled in a decision unsealed Tuesday.
July 16, 2018
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.
November 18, 2015
A New York federal judge on Wednesday said that Davis Selected Advisers LP must face a suit claiming it charged excessive investment advisory fees to shareholders in the Davis New York Venture Fund, despite a recent Ninth Circuit ruling ending similar claims against it in Arizona.
August 26, 2014
Investment adviser Davis Selected Advisers LP on Monday asked a New York federal court to toss a suit alleging it collected millions of dollars fees that were excessive when compared to the paltry profits for Davis New York Venture Fund shareholders, saying the suit is meritless.
June 17, 2014
Davis New York Venture Fund shareholders launched a suit in New York federal court Monday alleging investment adviser Davis Selected Advisers LP breached its fiduciary duty by collecting millions of dollars in "excessive and unlawful" investment advisory fees for services that, in comparison, yielded paltry profits for the fund.