The U.S. Supreme Court ruled in FS Credit Opportunities v Saba Capital that Section 47(b) of the Investment Company Act does not implicitly grant private parties the right to sue for contract rescission.
Democratizing information: Free world-class API and RSS feeds for every business.
The U.S. Supreme Court ruled in FS Credit Opportunities v Saba Capital that Section 47(b) of the Investment Company Act does not implicitly grant private parties the right to sue for contract rescission.