The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:American Funds Beats Back 12b-1 Suit Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, February 19, 2009

American Funds Beats Back 12b-1 Suit

by: Neil Anderson, Managing Editor

The countless fundsters whose offerings pay 12b-1 fees can rest a little easier. A lawsuit against American Funds manager Capital Research and Management Company, challenging fees paid to broker-dealers out of the EuroPacific Growth Fund, just got dismissed from court. American Lawyer's Andrew Longstreth reports that Capital Group's law firm -- Milbank, Tweed, Hadley & McCloy -- prevailed last week and convinced Los Angeles federal district court judge Gary Feess to dismiss the case (filed by EuroPacific shareholder Rachelle Korland) without prejudice.

Milbank partner James Benedict said he's already getting thank-you notes from other big fund firms. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use