Chancery Sends Suit Over 'Reckless' Fund Toward Trial

By Jeff Montgomery (February 22, 2023, 8:26 PM EST) -- Delaware's Court of Chancery refused Wednesday to dismiss a derivative $220 million breach of fiduciary duty claim against Guggenheim Funds Investment Advisors LLC and most trustees of a closed-end fund client, rejecting arguments that a merger had vaporized the investors' derivative standing....

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