FS Credit Opportunities Corp. v. Saba Capital Master Fund, Ltd. · ¶14
The District Court, following the Second Circuit’s decision in Oxford University Bank v. Lansuppe Feeder, LLC, 933 F. 3d 99 (2019), held that Section 47(b) creates an implied private right of action to sue for contract rescission and granted Saba summary judgment. The Second Circuit summarily affirmed. We granted certiorari to resolve a circuit split over whether Section 47(b) contains an implied private right of action. 606 U. S. 930 (2025).Read in context ›
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