Dossier
Investment Company Act
Coverage of Investment Company Act in the Nexus archive.
- Axed activist-investor takeover leaves Supreme Court at loggerheads over legislative intent
The Supreme Court dismissed a lawsuit from activist investors, with Justice Amy Coney Barrett and Justice Ketanji Brown Jackson disagreeing on the role of legislative intent in interpreting the Investment Company Act. Barrett emphasized textual analysis of laws, while Jackson criticized the court's selective use of congressional intent. The case involved a dispute over shareholders' rights to challenge fund contracts under the Act.