Fremont, Others Nix Claims In Reserve Securities MDL

By Allison Grande

Law360, New York (March 02, 2010, 2:29 PM ET) -- Two groups of Reserve Management Co. Inc. investors have put their claims of fraud, breach of fiduciary duty, gross negligence and securities law violations to rest in multidistrict litigation accusing the company and its trustees of misconduct in their handling of the Reserve Primary Fund.

Judge Paul G. Gardephe of the U.S. District Court for the Southern District of New York on Thursday approved a stipulation of voluntary dismissal without prejudice of the claims Fremont Group LLC and two dozen of its subsidiaries raised against Reserve...
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