Editor's Note :

Editor's Note :

We expect orders from the February 24 conference on Monday at 9:30 a.m. There is a possibility of opinions on Wednesday, March 1.

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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