Milbank has issued its annual compendium of developments in litigation involving mutual funds and investment advisers. This comprehensive review addresses the most significant recent judicial decisions impacting advisers.
Over the last decade, various federal courts have continued to issue dozens of decisions involving mutual funds and investment advisors. Some of these legal challenges by the plaintiffs’ bar, including excessive management fee cases and prospectus disclosure claims, are likely to continue. Other practices at issue in these cases, such as market timing and direct brokerage, are presumably a thing of the past, but the decisions in these cases have helped reshape the legal landscape for the fund industry.
Please click here to read our findings.
