Editor's Note :

Editor's Note :

There is a possibility of opinions on Wednesday, March 1.
On Tuesday the court hears oral argument in Dean v. United States. Douglas Berman has our preview.

Jones v. Harris Associates

Docket No. Op. Below Argument Opinion Vote Author Term
08-586 7th Cir. Nov 2, 2009
Tr.
Mar 30, 2010 9-0 Alito OT 2009
 
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Holding: Investment advisors cannot charge mutual fund shareholders fees that are so disproportionately large that they are clearly out of proportion to the services rendered, even when the mutual fund shareholders are not misled about these fees.

Plain English Summary:

Judgment: Vacated and remanded, 9-0, in an opinion by Justice Samuel Alito on March 30, 2010. Justice Thomas filed a concurring opinion.

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