LexisNexis® Corporate & Securities Law Community Podcast featuring Richard Phillips and Mike Eisenberg on Jones v. Harris Associates

Summary: On this edition, Richard Phillips of K&L Gates and Professor Meyer "Mike" Eisenberg, Visiting Professor of Law at Willamette University College of Law, discuss the March 30, 2010 decision in Jones, et al. v. Harris Associates L.P., in which the U.S. Supreme Court held that the 7th Circuit erred in focusing on disclosure by investment advisers rather than the Gartenberg standard for determining whether an investment advisor had breached a fiduciary duty regarding compensation received from a mutual fund under § 36(b) of the Investment Company Act of 1940. Copyright© 2010 LexisNexis, a division of Reed Elsevier Inc. Visit www.lexisnexis.com/community.