The Delaware Court of Chancery approved a class settlement of claims against Aytu BioPharma Inc. and directors relating to affiliated transactions and trading.

A running log of legal and regulatory developments in the world of closed end funds packaged with unsolicited and (sometimes) insightful pro-investor commentary.

Lead plaintiff ATG Fund II LLC has filed for final approval of a $7 million settlement of claims arising from the liquidation of VPC Impact Acquisition Holdings II, a special purpose acquisition company.

Aaron Morris submitted a written comment to the Securities & Exchange Commission in connection with an ill-conceived proposal to exempt closed-end funds from the annual shareholder meeting requirement.

Morris Kandinov LLP obtains final approval of settlement arising from closed-end fund collapse.

The District Court in the Pioneer Merger Corp. litigation has authorized the distribution of the net settlement fund to investors.

Morris Kandinov LLP, on behalf of the lead plaintiff, filed motions for final approval and for reimbursement of fees and expenses in connection with SPAC settlement.

Delaware Chancery Court ruling permits interim distribution of remaining trust funds while litigation over broken transaction proceeds.

The Delaware Chancery Court upheld claims for breach of fiduciary duty and wrongful dilution arising from a proxy contest in 2023.

Bulldog Investors, LLP retains Morris Kandinov LLP in declaratory judgment action against bankruptcy trustee seeking the return of trust funds properly distributed to stockholders.