More lawsuits might result from Supreme Court's fund-fee ruling

03/31/2010 | InvestmentNews (free registration)

Courts have a limited role in regulating fees set by mutual fund investment advisers, according to a ruling by the Supreme Court. In the ruling, the high court vacated a lower court's ruling that mutual fund managers can be held liable for charging excessive fees only when fraud is involved. The ruling is expected to make it easier for mutual fund managers to avoid shareholder lawsuits, but it could also expose the funds to fee-related lawsuits.

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