Doug Cornelius, Chief Compliance Officer
The Supreme Court issued its opinion
in Jones v. Harris Associates , addressing the
standard for when mutual fund fees are too high.
of the Investment Company Act of 1940 the "the investment adviser of
In Jones v. Harris
Associates, L.P. , the U.S. Supreme Court last week decided an issue
involving the fiduciary duty of investment advisors. Many legal
scholars have already started to comment on this decision, e.g. here ,
adding to the prolific analysis that preceded...
S. Wiener, Gail L. Westover, Brendan Ballard, and Wilson G. Barmeyer
majority decision issued on April 27, 2010, the U.S. Supreme Court held
S.A. v. AnimalFeeds Int'l Corp. , No. 08-1198 (
News item on this case ), that...
There was a time when it was relatively rare for the Supreme
Court to take up securities cases. Until recently, the Court basically went
several years between cases filed under the securities laws. Those days are
clearly over, as the Court has granted cert petitions in several securities
The focus of SEC enforcement in the coming months is a
function of its constricted and later expanded authority. Last year that
authority contracted in the wake of the Supreme Court's decision in Morrison
v. National Australia Bank Ltd. , 130 S.Ct. 2869(2010). Later congress
On Monday, June 11, 2012, the United States Supreme Court granted the petition of Amgen for a writ of certiorari in a securities lawsuit pending against the company. As a result, next term the Court will be addressing the question of whether securities plaintiffs must establish in their class certification...
In a move that was not unexpected, the Supreme Court declined to grant certiorari to a petition filed by a subsection of victims of Bernard Madoff's massive Ponzi scheme who disagreed with the court-appointed trustee's determination of their losses. By doing so, the Court gave finality to the...
On Friday September 7, 2012, the University of Michigan Law School dedicated its new South Building, an impressive new facility that beautifully complements the school's venerable Law Quadrangle (see picture below). U.S. Supreme Court Justice Elena Kagan delivered the keynote address at the dedication...