On June 30, the U.S. Supreme Court agreed to hear a case that will determine whether Section 47(b) of the Investment Company Act of 1940 (ICA) creates a private right of action for shareholders of registered investment...more
7/3/2025
/ Activist Investors ,
Appeals ,
Asset Management ,
Investment Advisers Act of 1940 ,
Investment Company Act of 1940 ,
Investment Funds ,
Investment Management ,
Private Funds ,
Private Right of Action ,
Regulatory Oversight ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Securities Regulation ,
Shareholder Litigation ,
Shareholders
On December 23, the United States Court of Appeals for the Fifth Circuit issued an order staying the preliminary injunction imposed by the U.S. District Court for the Eastern District of Texas. Last evening, FinCEN issued a...more