Mealey's (May 24, 2023, 1:16 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals heard arguments on May 24 in an appeal by a collection of closed-end Massachusetts business trusts and their trustees after a trial court granted summary judgment to investors and rescinded their adoption of a “control share” provision, finding that it violated the Investment Company Act of 1940 (ICA)....