Decided
Jones v. Harris Associates
Holding
Investment advisors cannot charge mutual fund shareholders fees that are so disproportionately large? that they are clearly out of proportion to the services rendered, even when the mutual fund shareholders are not misled about these fees.
Judgment
Vacated and remanded, 9-0, in an opinion by Samuel Alito on Mar 30, 2010. Justice Thomas filed a concurring opinion.
Merits Briefs
- Brief for Petitioner Jerry N. Jones, Mary F. Jones, and Arline Winerman
- Brief for Respondent Harris Associates, L.P.
- Reply Brief for Petitioner Jerry N. Jones, Mary F. Jones, and Arline Winerman
Amicus Briefs
- Brief for Robert Litan, Joseph Mason, and Ian Ayres in Support of Petitioner
- Brief for The North American Securities Administrators Association, Inc., in Support of Petitioner
- Brief for Law Professors in Support of Petitioner
- Brief for the National Association of Shareholder and Consumer Attorneys (NASCAT) in Support of Petitioner
- Brief for AARP and the Consumer Federation of America in Support of Petitioner
- Brief for United States of America in Support of Petitioner
- Brief for Professor Deborah A. DeMott and Professor Mark L. Ascher in Support of Petitioner
- Brief for John C. Bogle in Support of Petitioner
- Brief for the Securities Industry and Financial Markets Association in Support of Respondent
- Brief for the Mutual Fund Director’s Forum in Support of Respondent
- Brief for the CATO Institute in Support of Respondent
- Brief for the Investment Company Institute in Support of Respondent
- Brief for Fidelity Managment & Research Company in Support of Respondent
- Brief for the Independent Directors Council in Support of Respondent
- Brief for the Chamber of Commerce of the United States of America in Support of Respondent
- Brief for the Law and Finance in Support of Respondent
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Related Coverage
Nov 3, 2008Petition for a writ of certiorari filed. (Response due December 3, 2008)
Nov 6, 2008Consent to the filing of amicus briefs, in support of either party or neither party, received from counsel for the petitioners.
Dec 2, 2008Order extending time to file response to petition to and including January 5, 2009.
Dec 3, 2008Brief amici curiae of Law Professors filed.
Dec 3, 2008Brief amici curiae of AARP, and Consumer Federation of America filed.
Dec 31, 2008Order further extending time to file response to petition to and including February 2, 2009.
Feb 2, 2009Brief of respondent Harris Associates L.P. in opposition filed.
Feb 18, 2009DISTRIBUTED for Conference of March 6, 2009.
Feb 18, 2009Reply of petitioners Jerry N. Jones, et al. filed. (Distributed)
Mar 9, 2009Petition GRANTED.
Apr 21, 2009The time within which to file the joint appendix and petitioners' brief on the merits is extended to and including June 10, 2009.
May 6, 2009The time within which to file respondent's brief on the merits is extended to and including August 27, 2009.
May 22, 2009Consent to the filing of amicus curiae briefs in support of either party or neither party received from counsel for the petitioners.
Jun 10, 2009Joint appendix filed (two volumes). Statement of costs received.
Jun 10, 2009Brief of petitioners Jerry N. Jones, Mary F. Jones, and Arline Winerman filed.
Jun 15, 2009Brief amici curiae of Law Professors filed.
Jun 15, 2009Brief amicus curiae of John C. Bogle filed.
Jun 15, 2009Brief amici curiae of AARP, and Consumer Federation of America filed.
Jun 15, 2009Brief amicus curiae of United States filed.
Jun 17, 2009Brief amicus curiae of National Association of Shareholder and Consumer Attorneys filed.
Jun 17, 2009Brief amicus curiae of North American Securities Administrators Association filed.
Jun 17, 2009Brief amici curiae of Professor Deborah A. DeMott and Professor Mark L. Ascher filed.
Jun 17, 2009Brief amici curiae of
Robert Litan, Robert Mason, and Ian Ayres
filed.
Aug 17, 2009SET FOR ARGUMENT ON Monday, November 2, 2009.
Aug 17, 2009CIRCULATED.
Aug 18, 2009Record for the U.S.C.A. for 7th Circuit. (Entire record e-mailed in PDF format)
Aug 25, 2009Record received from U.S.D.C. for the Northen District of Illinois. (1 box)
Aug 27, 2009Brief amicus curiae of Securities Industry and Financial Markets Association filed. (Distributed)
Aug 27, 2009Brief of respondent Harris Associates L.P. filed. (Distributed)
Aug 31, 2009Motion of the Solicitor General for leave to participate in oral argument as amicus curiae and for divided argument filed.
Sep 3, 2009Brief amicus curiae of Independent Directors Council filed. (Distributed).
Sep 3, 2009Brief amicus curiae of Investment Company Institute filed. (Distributed)
Sep 3, 2009Brief amicus curiae of Chamber of Commerce of the United States of America filed. (Distributed).
Sep 3, 2009Brief amici curiae of Law and Finance Professors and Scholars filed. (Distributed)
Sep 3, 2009Brief amicus curiae of Fidelity Management & Research Company filed. (Distributed)
Sep 3, 2009Brief amicus curiae of Mutual Fund Directors Forum filed. (Distributed)
Sep 3, 2009Brief amicus curiae of Cato Institute filed. (Distributed)
Sep 22, 2009Letter received from counsel for the respondent.
Sep 28, 2009Reply of petitioner Jerry N. Jones, et al. filed. (Distributed)
Oct 5, 2009Motion of the Solicitor General for leave to participate in oral argument as amicus curiae and for divided argument GRANTED.
Nov 2, 2009Argued. For petitioners: David C. Frederick, Washington, D.C.; and Curtis E. Gannon, Assistant to the Solicitor General, Department of Justice, Washington, D.C. (for United States, as amicus curiae.) For respondent: John D. Donovan, Jr., Boston, Mass.
Mar 30, 2010Judgment VACATED and case REMANDED. Alito, J., delivered the opinion for a unanimous Court. Thomas, J., filed a concurring opinion.
May 3, 2010JUDGMENT ISSUED.
May 24, 2010Record returned (1-box) to the United States District Court for the Northern District of Illinois.
Recommended Citation: Jones v. Harris Associates, SCOTUSblog, https://www.scotusblog.com/cases/jones-v-harris-associates/