• Recent Court Rulings Send Signals in Mutual Fund Lawsuits
  • May 26, 2005 | Authors: Roger P. Joseph; Lea Anne Copenhefer; Donald J. Savery; Paul B. Raymond
  • Law Firm: Bingham McCutchen LLP - Boston Office
  • In the past three months, two federal district court judges in Massachusetts have issued rulings in cases alleging that mutual fund investment advisers and their affiliates have charged excessive fees. In both cases, the district court denied a motion to dismiss a claim for excessive fees (advisory fees in one case, and advisory and distribution fees in the other case). Both rulings are noteworthy because they illustrate the increasing difficulty in getting these types of cases dismissed in the relatively early stages of litigation.