Top Litigation Risks Directors Must Prepare For

July 15, 2014
In their recent article in Board IQ, Dechert attorneys Keith Robinson and Jonathan Wiggins discuss the significant litigation risks facing the U.S. fund industry on a number of fronts. As the plaintiffs bar continues to invest resources into mutual fund litigation and advance ever-evolving legal theories, fund boards and management continue to devote significant time and resources into proactively identifying and addressing these theories. To stay ahead of the curve, boards can address several current litigation trends, including claims against bond funds that list capital preservation as an investment objective, allegations of style drift and fee litigation claims targeting funds that use subadvisers.