In its October 2025 Term, the Supreme Court will decide whether Section 47(b) of the Investment Company Act of 1940 (“ICA”) creates a federal cause of action for private plaintiffs seeking rescission of contracts that are...more
7/17/2025
/ Appeals ,
Breach of Contract ,
Contract Disputes ,
Enforcement ,
Investment Company Act of 1940 ,
Investment Funds ,
Litigation Strategies ,
Private Right of Action ,
Rescission ,
SCOTUS ,
Securities Litigation ,
Securities Regulation ,
Shareholder Litigation ,
Shareholders
The First Department’s recent decision in Zhang Chang v. Phillips Auctioneers LLC seems to have ended the long, turbulent dispute over Gerhard Richter’s 1963 painting of a fighter jet, Düsenjäger. The decision affirmed the...more