February 15, 2018 / 10:25 PM / 10 months ago

Judge tosses investor lawsuit over JPMorgan equity fund fees

A JPMorgan & Co investment advisory subsidiary does not have to face an investor’s lawsuit accusing it of charging excessive fees on a $9 billion large cap U.S. equity fund, a federal judge in Manhattan ruled on Wednesday.

The lawsuit said fees charged by JP Morgan Investment Management for the JPMorgan U.S. Large Cap Core Plus Fund were so high they bore no relationship to the services provided, but U.S. District Judge George Daniels said the investor did not prove that allegation.

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