Word: easterbrookã
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...Coates, Robert C. Clark, Allen Ferrell, and J. Mark Ramseyer signed an amicus brief earlier this month in support of the defendant, Harris Associates, along with more than 20 other corporate law and finance professors. According to Coates, the brief agrees with Seventh Circuit Chief Judge Frank H. Easterbrook??€™s ruling that the court should not be involved in determining the compensation of investment advisors. Coates said he was motivated in part to contribute to the amicus brief because his research on competition in the mutual fund industry had been incorporated into several earlier briefings in the case...
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