News & Analysis as of June 1, 2025

Investment Management

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Court Upholds Legality of Poison Pills for Closed-End Funds but Limits Successive Plans

Skadden, Arps, Slate, Meagher & Flom LLP on 4/1/2025

On March 28, 2025, the U.S. District Court for the Southern District of New York (SDNY) held that it was legal under the Investment Company Act of 1940 (1940 Act) for a closed-end fund to use a shareholder rights plan...more

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Court Upholds Legality of Poison Pills for Closed-End Funds but Limits Successive Plans

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