Riley Compton

Dechert are most popular: within Strategy and International Law topic(s) with readers working within the Banking & Credit industries On June 11, 2026, the Supreme Court held in FS Credit Opportunities Corp. v. Saba that Section 47(b) of the 1940 Act does not contain an implied private right of action for rescission, resolving a circuit split and abrogating the Second Circuit's contrary interpretation.

On June 11, 2026, the Supreme Court held that Section 47(b) of the Investment Company Act of 1940 (“1940 Act”) does not contain an implied private right of action permitting investors to sue for rescission of any contract that allegedly violates the 1940 Act. The Court’s opinion in FS Credit Opportunities Corp. v.

Dechert are most popular: within Wealth Management, Tax and Antitrust/Competition Law topic(s) in United States with readers working within the Banking & Credit industries English Court documents1 are soon to become more readily available to non-parties, with sweeping changes proposed under a pilot scheme published on October 20, 20252. The pilot will operate from January 1, 2026 until December 31, 2027, with the aim of advancing the principles of open justice and transparency.