In a case closely watched by the mutual fund industry, the federal district court in New Jersey ruled on Thursday in favor of a mutual fund’s investment adviser and against the shareholders who had brought the lawsuit under...more
8/29/2016
/ Actual Damages ,
Board of Directors ,
Burden of Proof ,
Credibility ,
Excessive Fees ,
Expert Testimony ,
Fiduciary Duty ,
Gartenberg Factors ,
Investment Adviser ,
Judicial Deference ,
Mutual Funds ,
Section 36(b)
Fiduciaries of two defined contribution retirement plans sponsored by the same employer (the “Plans”) sued the Plans’ former investment manager for breach of ERISA fiduciary duties and state law violations in connection with...more
On June 25, 2015, the U.S. Supreme Court will decide whether to grant certiorari in Tatum v. RJR Pension Investment Committee, 761 F.3d 346 (4th Cir. 2014). As discussed in the September 29, 2014 edition of the ELU, Tatum...more