The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:E-mails May Cause Difficulties for Harris in Fee Case, Says WSJ Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, July 17, 2009

E-mails May Cause Difficulties for Harris in Fee Case, Says WSJ

by: Armie Margaret Lee

In Friday's Wall Street Journal Fund Track column, Sam Mamudi reports that attorneys representing plaintiffs in the excessive fund fee case against Harris Associates
Those messages, lawyers said, show Harris staff expressing concern about explaining the fee gap between mutual funds and institutional accounts.

In a court filing last month, plaintiffs' lawyers said that Harris' marketing head Michael Neary "suggested that if the [Oakmark funds] are compared to accounts with a 'similar strategy,' then Harris' defense regarding the fee discrepancy 'is weak but not zero.'"

Responding to the filing, Harris' attorneys said they disagree with the plaintiffs' sweeping conclusion" that statements in e-mails suggest that "Harris investment professionals and marketing personnel expressed concern over explaining the fee gap between the funds and similarly managed institutional accounts." 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use