Menu

Gary Cohen Authors Article in The Investment Lawyer on Section36(b) Lawsuits

Financial Services Regulatory   |   Securities Transactions and Compliance   |   Securities & Investment Companies   |   March 1, 2020

Carlton Fields federal securities law attorney Gary Cohen authored an article in The Investment Lawyer titled, “Fund Advisers Face Another Class of Plaintiffs Bringing Section 36(b) Lawsuits,” reviewing the recent increase lawsuits from owners of variable annuity contracts and variable life insurance policies.

These lawsuits come after a recent Third Circuit ruling that “an insurance contract owner had standing to sue the investment adviser of a mutual fund underlying a life insurance company separate account, even though the insurance contract owner was a not a record shareholder of the fund.”

Cohen advises that investment advisers can seek security through the evaluation and approval process for continuing investment advisory agreements under Section 15(c).

Read the article.

Subscribe to Publications

Media Inquiries

Kate Barth

Kate Barth

Senior Public Relations Manager

813.229.4154

Disclaimer

The information on this website is presented as a service for our clients and Internet users and is not intended to be legal advice, nor should you consider it as such. Although we welcome your inquiries, please keep in mind that merely contacting us will not establish an attorney-client relationship between us. Consequently, you should not convey any confidential information to us until a formal attorney-client relationship has been established. Please remember that electronic correspondence on the internet is not secure and that you should not include sensitive or confidential information in messages. With that in mind, we look forward to hearing from you.