Jones v. Harris Assocs. L. P., 2010 U.S. LEXIS 2926 (March 30, 2010)

Jones v. Harris Assocs. L. P., 2010 U.S. LEXIS 2926 (March 30, 2010)

LexisNexis Overview: For liability under 15 U.S.C.S. § 80a-35(b), an adviser's fee had to be so disproportionately large that it bore no reasonable relationship to the services rendered and could not have been the product of arm's length bargaining; thus, the Seventh Circuit's rejection of that test was vacated, and mutual fund shareholders' claims were remanded.

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