In Re Franklin Mutual Funds Fee Litigation

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “Standing is a threshold inquiry, not a mere hurdle that can be cleared with the assistance of Rule 23.”
• dismissing certain claims that the court determined were improperly plead as direct claims
• under Mass, law, the issue turns on whether the shareholders suffered an injury distinct from the injury suffered by the corporation
• plaintiffs may only bring a Section 36(b) claim ―against the . . . funds they owned‖
• “[I]f the named plaintiffs cannot or do not assert their own direct claim against a named defendant, they may 15 not bring a claim against that defendant on behalf of other investors.”
• demand not excused where directors appointed by investment advisor

Source: CourtListener parenthetical corpus (CC0).