FS Credit Opportunities Corp. v. Saba Capital Master Fund
Court: U.S. Supreme Court (pet. for writ of cert.) Amicus Issue: Whether Section 47(b) of the Investment Company Act of…
Court:
U.S. Court of Appeals
(Eleventh Circuit)
Amicus Issue:
Whether the two-thirds one-third allocation between industry members and the participant exchanges is contrary to the Exchange Act and arbitrary and capricious. Whether the retrospective allocation of costs is contrary to the Exchange Act and arbitrary and capricious. Whether the SEC failed to conduct an adequate independent analysis of the CAT funding rules. Whether the uncertain, escalating and uncontrolled costs of the CAT system render the order arbitrary and capricious.
Counsel of Record:
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Lorin L. Reisner
Kannon K. Shanmugam
Brian M. Lipshutz
Yishai Schwartz
David A. Hopen
Other Amici:
Committee on Capital Markets Regulation
Alternative Investment Management Assoc.
Virtu Financial, Inc.
Investment Company Institute
Managed Funds Assoc.
Court: U.S. Supreme Court (pet. for writ of cert.) Amicus Issue: Whether Section 47(b) of the Investment Company Act of…
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