Turner Ex Rel. Davis New York Venture Fund v. Davis Selected Advisers, LP

MEMORANDUM **

Plaintiff-appellant Donald Turner appeals the judgment of the district court dismissing his amended complaint brought under the Investment Company Act of 1940 (the “ICA”), and its denial of his motion to alter or amend the judgment. We affirm.

Turner holds Class A shares in the Davis New York Venture Fund (the “Davis Fund” or the “Fund”), an open-end diversified mutual fund registered under the ICA. Defendant-appellee Davis Selected Advisers, LP (“DSA”) is the Fund’s investment adviser, and defendant-appel-lee Davis Distributors, LLC (“DD”) is a broker-dealer and the “principal…