Boaz Weinstein Wins Another Round With Canadian Pension Fund
- Judge dismissed claim of breach of fiduciary duties this week
- Decision leaves one claim remaining in Canadian fund’s lawsuit
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Boaz Weinstein’s Saba Capital Management won another round in a legal battle with a Canadian pension fund when a judge dismissed a claim that the firm breached its fiduciary duties.
The decision by New York State Supreme Court Justice Anil Singh leaves just a breach of contract claim remaining in the Public Sector Pension Investment Board’s lawsuit in which Weinstein and Saba were accused of manipulating the value of the pension fund’s investment in McClatchy Co. bonds.