Legal Opinion

Saba Capital Master Fund, LTD. v. BlackRock ESG Capital Allocation Trust

District Court, S.D. New York

Decided June 25, 2024No. 1:24-cv-01701Unknown

1Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK SABA CAPITAL MASTER FUND, LTD., Plaintiff, -against- 24-CV-01701 (MMG) BLACKROCK ESG CAPITAL ALLOCATION OPINION & ORDER TERM TRUST et al., Defendants. MARGARET M. GARNETT, United States District Judge: This case arises from a struggle between the parties to gain and maintain control over the Board of Trustees of an investment fund, and the resulting dispute over whether the shareholder voting rules set forth in the fund’s governing documents comport with the requirements of the Investment Company Act of 1940. Before the Court is the…

2Cases cited29 opinions

  1. Ashcroft v. IqbalSupreme Court of the United States · 2009
  2. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  3. Winter v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 2008
  4. Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
  5. Walker v. SchultCourt of Appeals for the Second Circuit · 2013

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