Schlichter Bogard & Denton Brings Suit on Behalf of Investors in Great-West Mutual Funds

Schlichter Bogard & Denton has brought suit in the District of Colorado on behalf of investors in Great-West managed mutual funds.

The complaint alleges that Great-West Capital Management charged excessive investment management fees that have cost investors tens of millions of dollars per year. The complaint further alleges that Great-West Capital Management provided few or no additional services beyond those provided by the mutual funds’ sub-advisors, while Great-West Capital Management retained the vast majority of the management fees.

The named plaintiffs are investors in Great-West managed mutual funds, including Great-West’s index funds and asset allocation funds. The case is captioned Obeslo v. Great-West Capital Management, LLC, No. 16-cv-230.  If you are an investor in Great-West mutual funds, please contact Schlichter Bogard & Denton at 1-800-873-5297 or investigations@uselaws.com.