Section 36(b) Litigation Since Jones v. Harris: An Overview for Investment Advisers and Fund Independent Directors (2016)

explores how and why, notwithstanding the Supreme Court’s 2010 decision in Jones v. Harris Associates L.P., section 36(b) of the Investment Company Act of 1940 has reemerged in recent years as a significant litigation threat for the fund industry. The publication is structured as a series of frequently asked questions (FAQs), which explore the function and meaning of section 36(b), the long-running saga of Jones v. Harris, and post-Jones developments in section 36(b) litigation.