After years of the court system siding with the mutual fund industry on the discrepancy between retail and institutional mutual fund fees, the case that the Supreme Court will hear this fall, Jerry N. Jones et al. v. Harris Associates, might be a watershed one for investors.

Judging from initial filing briefs filed on behalf of the plaintiff, including one from the Solicitor General acting on behalf of the Securities and Exchange Commission, they might have a strong case, The Wall Street Journal reports. Solicitor General Elana Kagan said that the investors, who say they were paying twice the amount of institutional investors, have a right to be heard.

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