What Mutual Fund Advisers Can Learn From AXA Trial Win

Sep 12, 2016 - Law360
While the recent New Jersey federal court ruling in Sivolella v. AXA Equitable Life Insurance Co. — brought under Section 36(b) of the Investment Company Act — was a decisive victory for the defendant adviser, it serves as a reminder to mutual fund boards and advisers alike of what really matters in excessive-fee litigation, say attorneys with Skadden Arps Slate Meagher & Flom LLP. Read More