FS Credit Opportunities Corp. v. Saba Capital Master Fund, Ltd. · ¶18
To create a private right, a statute must use “rights-creating language” aimed at protecting “a particular class of persons.” Sandoval, 532 U. S., at 288–289 (internal quotation marks omitted); Gonzaga Univ. v. Doe, 536 U. S. 273, 284 (2002) (statutes create private rights when they are “‘phrased in terms of the persons benefited’”). Language that “focus[es] on the person regulated rather than the individuals protected” does not fit the bill. Sandoval, 532 U. S., at 289. And language establishing an express “remedial schem[e]” elsewhere in the statute may “foreclose a private cause of action to enforce even those statutes that admittedly create substantive private rights.” Id., at 290; Middlesex County Sewerage Authority v. National Sea Clammers Assn., 453 U. S. 1, 13–14 (1981) (existence of “elaborate enforcement provisions” forecloses the “implication [of] additional judicial…Read in context ›
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