Case Study

Allegations of Excessive Mutual Fund Fees

Allegations of Excessive Mutual Fund Fees

Cornerstone Research worked with three experts in the first excessive fee case to proceed to trial since the U.S. Supreme Court’s 2010 decision in Jones v. Harris. Sivolella et al. v. AXA Equitable Life Insurance Company et al. Retained by Milbank, Tweed, Hadley & McCloy Defense counsel retained Cornerstone Research and three experts in the first excessive fee case to proceed to trial since the U.S. Supreme Court’s 2010 decision in Jones v. Harris. Cornerstone Research worked with experts on cost accounting, industry economics, and fund performance issues. “The court finds defendants’ experts to be credible, in that they provided direct answers, and relied on comprehensive and reliable materials in reaching their conclusions.” The trial in the U.S. District Court for the District of New Je

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