In Jones v. Harris Associates L.P., to be argued today, the Supreme Court will consider whether courts should second-guess the fees set by fund managers. [Paul S. Atkins, WSJ; earlier here and here] P.S. Larry Ribstein discusses the case at The Conglomerate and Ideoblog, and the Washington Times editorializes ("Stop suing yourself: Time to nix investor lawsuits that hurt investors"). Yet more: WSJ editorial, The Conglomerate symposium.
"Tort lawyers target mutual funds"