September 12, 2018 / 9:05 PM / 6 months ago

Judge trims lawsuit over Great-West mutual fund fees

A federal judge in Denver has limited claims in a lawsuit accusing Colorado investment advisor Great-West Capital Management of charging excessive fees for managing its mutual funds, saying investors can sue only over funds they actually own.

In a decision on Tuesday, U.S. District Judge Christine Arguello rejected the investors’ argument that they have standing to sue over all 63 mutual funds managed by Great-West because the funds were issued in a single series. The named plaintiffs own just 19 of the funds.

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