The Eighth U.S. Circuit Court of Appeals has just ruled in favor of investors in a case against Ameriprise Financial over the fees of 11 of its RiverSource mutual funds. Coming on the heels of a similar case against Harris Associates that the Supreme Court will hear this fall, it could signal a new era in favor of investors.

“This is the first indication of where courts will go with these cases,” William Birdthistle, assistant professor of law at Chicago-Kent College of Law told The Wall Street Journal.

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