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Archive Home > 2010 > March > 31 > Supreme Court gives investors a chance to sue over fund fees

Supreme Court gives investors a chance to sue over fund fees

By McClatchy-Tribune News Service / The Bulletin
March 31, 2010

WASHINGTON — Mutual funds which charge exorbitant fees can be sued for violating their duty of trust to investors, the Supreme Court ruled Tuesday, rejecting the view that the free market can be trusted to ensure fair fees.

But the justices also made it hard for plaintiffs and securities....

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