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Expert Analysis

What's At Stake In High Court Review Of Funds' Right To Sue

By Michael Isenman, Jennifer Luz and James Fleckner ( August 8, 2025, 6:50 PM EDT) -- On June 30, the U.S. Supreme Court granted certiorari in FS Credit Opportunities Corp. v. Saba Capital Master Fund Ltd., agreeing to resolve a circuit split over whether private parties have an implied right of action to enforce the Investment Company Act, which governs mutual funds, closed-end funds and other registered investment companies.[1]...

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