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Home / Case Digests / Second Circuit – Mutual fund: Edwards v. Sequoia Fund Inc.

Second Circuit – Mutual fund: Edwards v. Sequoia Fund Inc.

United States Court of Appeals for the Second Circuit Mutual fund Contractual obligation — Securities and Exchange Commission Edwards v. Sequoia Fund Inc. 18-3467-cv Judges Leval, Pooler, and Chin Background: The plaintiffs appealed from the dismissal of their claims against a mutual fund that alleged the mutual fund breached a contractual obligation not to concentrate its investments in a single industry. Ruling: ...

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