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What Does the Jones Decision Mean?

Almost immediately after the Supreme Court issued its unanimous opinion in the Jones v. Harris Associates case, legal experts throughout the country began parsing the opinion and exploring what the decision means to funds and their directors. Assembled below are links to publications from various law firms and academics discussing the Jones decision and its potential meaning and effect.

Supreme Court Clarifies Standards for Judicial Review of Mutual Fund Fees, Eduardo Gallardo, Gibson, Dunn & Crutcher LLP
Court Adopts Flexible Gartenberg Standard, Connor Williams, Stanford Law School
The United States Supreme Court Upholds the Gartenberg Standard for Claims Alleging Excessive Advisory Fees, Dechert On Point
Supreme Court Upholds Gartenberg Standard in Jones v. Harris, by Cameron S. Avery, Paul H. Dykstra, Richard M. Phillips, Paulita A. Pike, John W. Rotunno, Gwendolyn A. Williamson, K&L | Gates LLP.
U.S. Supreme Court Uphelds Gartenberg Standard; Sends Message of Judicial Deference to Mutual Fund Board's Fee Decisions, Securities Law Professor Blog
Jones v. Harris Associates: Let the First Lawsuit Bloom, Jennifer Taub, Isenberg School of Management, University of Massachusetts Amherst

Have questions of your own? The Forum will present a webinar on April 7 at 12:30PM EDT, featuring Ruth Epstein - one of the authors of the Forums amicus brief in Jones - discussing the opinion and answering your questions. If you would like to participate in the webinar, contact the Forum via email or call 202-507-4495.