Legal Opinion

Saba Capital CEF Opportunities 1, Ltd. v. Nuveen Floating Rate Income Fund

District Court, S.D. New York

Decided February 17, 2022No. 1:21-cv-00327Unknown

1Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK SABA CAPITAL CEF OPPORTUNITIES 1, LTD., et al., Plaintiffs, 21-CV-327 (JPO) -v- OPINION AND ORDER NUVEEN FLOATING RATE INCOME FUND, et al., Defendants. J. PAUL OETKEN, District Judge: Plaintiffs Saba Capital Management and Saba Capital CEF Opportunities 1, Limited (collectively, “Saba”) bring this action against Defendants, a collection of closed-end Massachusetts business trusts and their trustees (collectively, the “Trusts”), alleging that Defendants’ adoption of a “control share” provision violated Section 18(i) of the Investment…

2Cases cited11 opinions

  1. Ashcroft v. IqbalSupreme Court of the United States · 2009
  2. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  3. MedImmune, Inc. v. Genentech, Inc.Supreme Court of the United States · 2007
  4. Steginsky v. Xcelera Inc.Court of Appeals for the Second Circuit · 2014
  5. Gayle v. GonyeaCourt of Appeals for the Second Circuit · 2002

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