Fund Fees: How Might the Supreme Court Decide?
Professors Coates and Birdthistle handicap the possible outcomes in the Jones v Harris Supreme Court case and how investors may ultimately be affected.
In closing, how do you think the case will come out, and what will that mean, if anything, for mutual fund investors and mutual fund fees?
Birdthistle: I don't know how it's going to come out. I think it will be a close case. I think business cases typically are immune from some of the more profound political differences that separate the court, that split the court, in obvious constitutional contexts. And this year we're going to see a very heavy corporate/business term. There are a lot of cases up there that are involving business law.