FS Credit Opportunities Corp. v. Saba Capital Master Fund, Ltd. · ¶25

In sum, nothing in the text or structure of the ICA indicates that Congress authorized private parties to enforce virtually every provision in the statute. For a cause of action to exist, we would have to create it. And having “sworn off the habit” of implying private rights of action, “we will not accept [Saba’s] invitation to have one last drink.” Sand oval, 532 U. S., at 287.

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