|Docket No.||Op. Below||Argument||Opinion||Vote||Author||Term|
Nov 2, 2009
||Mar 30, 2010||9-0||Alito||OT 2009|
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.
Judgment: Vacated and remanded, 9-0, in an opinion by Justice Samuel Alito on March 30, 2010. Justice Thomas filed a concurring opinion.