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The legal theory that mutual fund companies gouged regular investors by charging them higher fees than institutional investors is losing ground following recent summary judgments for the mutual fund company defendants. "This is the first time that judges have concluded that plaintiffs could not make their case [after discovery]," said Ropes & Gray's Tom Skinner, who defended the financial institutions in the rejected lawsuits.
July 23, 2007 at 12:00 AM
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