Civil Litigation
Aug. 7, 2019
US judge rules against shareholder in mutual fund fee bench trial
Ropes & Gray secured a win for MetWest Asset Management on Monday following a bench trial presided by U.S. District Judge George Wu. The case centered on claims of excessive mutual fund fees against MetWest.
A shareholder failed to prove Metropolitan West Asset Management charged excessive mutual fund fees, a U.S. judge ruled Monday after a week-long bench trial.
U.S. District Judge George Wu ruled plaintiff Thomas J. Kennis failed to compare advisory and sub-advisory fees associated with mutual funds. Wu noted Kennis' comparison of the fund's advisory fee to lower sub...
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