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

to enforce two of its provisions,” she wrote.

“We must decide whether another provision of the Act impliedly empowers private parties to sue for rescission of any contract that allegedly violates the Act. The answer is no,” Barrett added.

The case stemmed from Saba Capital’s activist campaign against several closed-end funds, including those managed continue reading …