Expert Witness, Summary Judgment Rulings For Fund Advisers Upheld By 2nd Circuit

Mealey's (May 26, 2020, 1:29 PM EDT) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel on May 22 affirmed an award of summary judgment to mutual fund advisers on investors’ breach of fiduciary duty claims after also affirming the trial court’s rulings on challenges to expert opinion testimony (Gary A. Hebda, et al. v. Davis Selected Advisers, LP, et al. [In re:  Davis New York Venture Fund Fee Litigation], No. 19-1967, 2nd Cir., 2020 U.S. App. LEXIS 16423)....