WilmerHale Withdraws From SEC Reserve Fraud Suit

Law360, New York (October 7, 2009, 3:29 PM EDT) -- Reserve Management Co. Inc. and its two top executives have given their consent for WilmerHale LLP to stop representing them in a suit brought by the U.S. Securities and Exchange Commission accusing them of hiding their fund's exposure to Lehman Brothers Holdings Inc.

Judge Paul G. Gardephe of the U.S. District Court for the Southern District of New York ordered the withdrawal on Monday, which was made at the request of WilmerHale. The order noted that the withdrawal “is on consent” of the defendants, and that...
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