Winning Litigators: Eben Colby, Skadden, Arps, Slate, Meagher & Flom
Our 2019 special report honors trial lawyers for their victories in high-stakes matters.
August 26, 2019 at 10:00 AM
2 minute read
Skadden, Arps, Slate, Meagher & Flom
Tell us about your biggest trial win from January 2018 through June 2019 and how you achieved the result for your client.
In one of the largest—if not the largest—cases involving claims against mutual funds, I led the Skadden trial team on behalf of certain subsidiaries of BlackRock, securing a dismissal with prejudice on all counts of $1.5 billion excessive-fee claims after an eight-day bench trial in the U.S. District Court for the District of New Jersey. The decision impacts the entire mutual fund industry and also vindicates important aspects of BlackRock's pricing model by rejecting plaintiffs theory that the prices of retail mutual funds offered to the public are "excessive" unless they are priced comparably to other, more limited packages of services offered to different types of clients.
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