Teleconference: Jones v. Harris—What the Victory Really Means
Join us as the Ropes & Gray litigation partners who argued for Harris in Jones v. Harris Associates, explore the significance of the Supreme Court’s March 30 decision establishing a standard for mutual fund excessive fee claims. Litigation partners John Donovan and Rob Skinner will discuss the decision, which reaffirmed the Gartenberg standard against which fees have been measured for more than 25 years, endorsed the primacy of independent fund directors in setting fees, and rebuffed attempts by plaintiffs’ lawyers to encourage increased judicial scrutiny of fees. John and Rob will be joined on the teleconference by Ropes & Gray investment management partners John Loder and John Gerstmayr to discuss the impact of this decision on mutual fund litigation and on the process by which mutual fund boards review and approve adviser fees.
This teleconference will be a 30 minute presentation followed by a 30 minute Q&A session.