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Business Development Company Update: Excessive Fees Lawsuit Against Adviser Dismissed

By Kenneth S. Gerstein, John J. Mahon, Pamela Poland Chen & Jessica A. Falzone on March 2, 2017
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A decision issued on Jan. 24, 2017, in the U.S. District Court for the Southern District of New York dismissed a complaint alleging the payment of excessive advisory and administration fees by Prospect Capital Corporation, a business development company regulated under the Investment Company Act of 1940.

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  • Posted in:
    Banking, Finance and Securities
  • Blog:
    Regulatory & Compliance Update
  • Organization:
    Schulte Roth & Zabel LLP

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