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NEWS - Ameriprise Wins Excessive Mutual Fund Fees Case

April 12, 2012  – A federal appellate court reversed its stance in a case alleging Ameriprise charged mutual fund investors excessive fees.

In its second review of the case, the 8th U.S. Circuit Court of Appeals upheld a district court finding that the plaintiffs, investors in nine mutual funds managed and distributed by Ameriprise, failed to set forth a genuine issue of material fact that the fees Ameriprise charged “were so disproportionately large that they bear no reasonable relationship to the services rendered and could not have been the product of arm’s-length bargaining.”

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http://www.plansponsor.com/Ameriprise_Wins_Excessive_Fees_Case.aspx