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Mutual fund boards seek protection from future Northstar-type litigation

09/08/2015

Independent mutual fund directors spooked by a Ninth Circuit Court of Appeals ruling last spring are exploring ways to minimize their vulnerability to shareholder lawsuits. The plaintiffs’ bar already has pounced on the precedent set by the appeals court in Northstar Financial Advisors Inc. v. Schwab Investments by amending a suit ... Log in to view full article.

 


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