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Corporate Governance
: The Race to the BottomJones v. Harris, Compensation, and Fiduciary Obligations
By J Robert Brown Jr.
The Supreme Court issued the much awaited opinion in Jones v. Harris, a case that involved compensation paid to investment advisors at mutual funds. The lower court decision came from the 7th Circuit, with Judge Posner on one side (the dissent) and Judge Easterbrook on the other. The opinion is here.
On this one, Judge Posner won, with the Court in a unanimous decision reversing the lower court. With respect to Judge Easterbrooks argument that the matter of compensation was merely a matter of disclosure and better left to the market than litigation, the Court disagreed, noting that "[b]y focusing almost entirely on the element of disclosure, the Seventh Circuit panel erred.
Full post as published by The Race to the Bottom on March 30, 2010 (boomark / email).
Workers Compensation Overview
Federal laws that cover workplace injuries
Grubb & Ellis
alleging violations of fiduciary duties to shareholders and securities laws.
Mutual Fund Losses
alleging financial advisors breached fiduciary duties by not looking out for investors best interests.
Harris Stratex Networks, Inc
401(k) / ERISA Stock Fraud
Mel Harris and Associates Debt Collection
Face Class Action for Alleged "Sewer Service" Practices
Video Taping Arrest
Harris County pays wrongfully arrested brothers $1.7 million civil rights settlement.
Hurricane Ike
Gulf Coast Residents Fight for Compensation

U.S. Supreme Court Addresses Fiduciary Duty of Investment Advisors
U.S. Supreme Court To Address Executive Compensation Issue
Practical Implications of a Supreme Court Ruling in Jones v. Harris.
The Final Brief in Jones v. Harris
Jones v. Harris (a/k/a Judge Easterbrook v. Judge Posner on Law and Economics)
Jones v. Harris decided -- unanimously.








