Guggenheim Directors Sued Over MLP Fund Flop (BoardIQ)

Covered by BoardIQ

A shareholder of the Fiduciary/Claymore Energy Infrastructure Fund (FMO), a closed-end energy fund, has filed an action against the fund’s investment adviser, subadviser, and board of trustees in connection with the fund’s liquidity crisis in 2020 and subsequently announced merger with another closed-end fund. Morris Kandinov LLP and Bernstein Litowitz Berger & Grossmann LLP are counsel for the shareholder.

By MoKa