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.

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

FAST SPAC’s agreement to pay $12.5 million to investors in connection with its broken merger was approved by the Delaware Court of Chancery.

Delaware Chancery Court upholds breach of fiduciary duty claims against Funko.

A settlement obtaining $1.9 million and corporate governance improvements and reforms was preliminarily approved in the District of Colorado for the benefit of Lightning eMotors, Inc.

The Court of Appeals has confirmed that the use of a control share bylaw by a Massachusetts trust violates the Investment Company Act of 1940.