U.S. District Court, Md. Case Summaries: April 26, 2010

Summary


Civil Procedure

Standing

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Extract


U.S. District Court, Md. Case Summaries: April 26, 2010

BOTTOM LINE: An investment company does not have standing to bring a cause of action under [section]12(d)(1)(A) of the Investment Company Act of 1940, since the Act was created to protect individuals who invest in such companies, not the companies themselves.

CASE: Gabelli v. Western Investment LLC, et. al., No. RDB 10- 0557 (filed April 1, 2010) (Judge Bennett).

FACTS: The Gabelli Global Multimedia Trust, Inc....

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