Legal Opinion
Krantz v. Fidelity Management & Research, Co.
District Court, D. Massachusetts
Decided May 31, 2000No. CivA 98-11988-PBSPublishedCited by 12 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
SARIS, District Judge.
I. Introduction
Plaintiff Richard T. Krantz, a shareholder in two Fidelity mutual funds, claims that the directors are under the control of the investment adviser in violation of §§ 10(a), 15(c) and 36(a) of the Investment Company Act of 1940 (the “ICA” or the “Act”), as amended, 15 U.S.C. §§ 80a-l et seq., and that the investment adviser’s fees are excessive under § 36(b) of the ICA. 1 The linchpin of these claims is that the same nine “independent” directors serve on the twelve-person boards of all 237 Fidelity investment companies and receive…
2Cases cited18 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Leatherman v. Tarrant County Narcotics Intelligence and Coordination UnitSupreme Court of the United States · 1993
- Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
- The Dartmouth Review, on Behalf of Its Officers, Staff and Subscribers v. Dartmouth CollegeCourt of Appeals for the First Circuit · 1989
- Burks v. LaskerSupreme Court of the United States · 1979
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3Cited by12 opinions
- Sheldon Krantz v. Prudential Investments Fund Management LLC Prudential Investment Management Services LLCCourt of Appeals for the Third Circuit · 2002
- In Re Franklin Mutual Funds Fee LitigationDistrict Court, D. New Jersey · 2005
- Stegall v. LadnerDistrict Court, D. Massachusetts · 2005
- Forsythe v. Sun Life Financial, Inc.District Court, D. Massachusetts · 2006
- Unión De Empleados De Muelles De Puerto Rico PRSSA Welfare Plan v. UBS Financial Services Inc.Court of Appeals for the First Circuit · 2013
7 more not listed; retrieve them via the Exa API.