Taylor Brody
Partner
Press Clippings
Closed-End Fund Activism Ruling Minor for Traditional Activists
June 17, 2026 - The Deal
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A new U.S. Supreme Court ruling could reshape the landscape for closed-end fund activism.
Partners Joseph Kelleher and Taylor Brody examine the court's decision in FS Credit Opportunities Corp. v. Saba Capital Master Fund Ltd., its impact on activist challenges under the Investment Company Act of 1940, and what it means for closed-end funds and the broader corporate activism landscape.
