Professor Stout Comments on Supreme Court Review of Mutual Fund Advisory Fees in BusinessWeek Article

November 8, 2009 - Professor Lynn Stout comment's appear in a BusinessWeek article about a case under review by the Supreme Court regarding mutual fund advisory fees.  

The mutual fund industry has long embraced the Gartenberg standard and it was Judge Easterbrook, who's known in legal circles for his strong personality, who went beyond what the defendants were seeking by emphasizing the role of market forces in constraining fees over that of independent trustees' fiduciary duty, according to Lynn Stout, Paul Hastings Professor of Corporate and Securities Law at the University of California at Los Angeles.

To read the entire article, click here.