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SCOTUS Delivers Win for Investment Funds, Rejects Activist Lawsuits Under Securities Law

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The decision in FS Credit Opportunities Corp. v. Saba Capital Master Fund, Ltd. reverses a Second Circuit ruling that had allowed private lawsuits against closed-end funds, especially those targeted by aggressive activist investors like Saba Capital.

Justice Amy Coney Barrett, writing for the majority joined by Chief Justice John Roberts and Justices continue reading …

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