Supreme Court Agrees To Hear ICA Private Right Of Action Case

( June 30, 2025, 12:20 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on June 30 granted certiorari to a petition filed by closed-end funds (CEFs) regarding whether a section of the Investment Company Act of 1940 (ICA) includes a private right of action....

Attached Documents

FS Credit Opportunities, et al. petition for writ of certiorari
Saba Capital Master Fund, et al. brief in opposition
FS Credit Opportunities, et al. reply brief
FS Credit Opportunities, et al.'s supplemental brief
Saba's supplemental brief
United States’ amicus brief
Chamber of Commerce for the United States amicus brief
Investment Company Institute, et al. amicus brief
Second Circuit June 26 order and judgment

Related Sections

Mealey's Securities