Supreme Court Shields Investment Funds From Shareholder Lawsuits

Published on June 12, 2026

The US Supreme Court shielded funds from some investor lawsuits, ruling that an 86-year-old federal statute doesn’t authorize shareholders to sue over bylaws and management decisions. Voting 6-3, the justices on Thursday blocked activist investors from suing 11 closed-end funds, …

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People Moves: CRC Specialty Names Levy National ExecPro Leader; GEICO Names Foy CFO; Geller to Lead Wholesale Financial Lines at AXIS

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