Amy Roy

Nov 12, 2024 | corpgov.law.harvard.edu | Brian McCabe |Amy Roy |James McGinnis

Advisers Act, ESG, Funds, SECMore from: Amy Roy, Brian McCabe, James McGinnis, Ropes & GrayBrian McCabe and Amy D. Roy are Partners and James D. McGinnis is a Counsel at Ropes & Gray LLP. This post is based on a Ropes & Gray memorandum by Mr. McCabe, Ms. Roy, Mr. McGinnis, George B. Raine, and Robert A. Skinner.

Oct 29, 2024 | mondaq.com | Amy Roy

On October 21, 2024, the Massachusetts Superior Court issued a final ruling in favor of four Eaton Vance closed-end funds and their trustees, rejecting "activist" investor Saba Capital's challenge to the funds' voting standard requiring the support of a majority of outstanding shares to win a contested board election.1 The ruling followed a seven-day bench trial in which Saba asserted that the majority standard was so difficult to achieve in practice that it denied shareholders a "meaningful...

Oct 27, 2024 | mondaq.com | Brian McCabe |James McGinnis |George Raine |Amy Roy

RG Ropes & Gray LLP More Ropes & Gray is a preeminent global law firm with approximately 1,400 lawyers and legal professionals serving clients in major centers of business, finance, technology and government. The firm has offices in New York, Washington, D.C., Boston, Chicago, San Francisco, Silicon Valley, London, Hong Kong, Shanghai, Tokyo and Seoul.

Oct 23, 2024 | lexology.com | Brian McCabe |James McGinnis |George Raine |Amy Roy

A recent Viewpoints article discussed the disbanding of the Climate and ESG Task Force (the “ESG Task Force”) in the Securities and Exchange Commission’s (the “SEC’s") Division of Enforcement, which had formed in early 2021 under then-Acting Chair Allison Lee and continued under Chair Gary Gensler.

Sep 24, 2024 | lexology.com | James McGinnis |George Raine |Amy Roy

News sources recently reported that the SEC has quietly disbanded its Climate and ESG Task Force for in its Division of Enforcement (the “ESG Task Force”), which had formed in early 2021 under then-Acting Chair Allison Lee and continued under Chair Gary Gensler. We have received questions from clients regarding what, if anything, this development may mean for asset managers.