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Supreme Court Adopts ‘Gartenberg’ Standard for Deciding Whether Fund Fees Are Excessive

April 6, 2010 in Securities Regulation & Law Report · Leave a Comment 

A unanimous U.S. Supreme Court concluded March 30 that “Gartenberg,” a 1982 appeals court decision, supplies the proper standard for determining whether investment advisory fees are excessive within the meaning of 1940 Investment Company Act Section 36(b)

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