Reserve Must Hand Over Emails In Investor Fraud MDL

Law360, New York (May 25, 2011, 6:18 PM EDT) -- A New York federal judge ruled Monday that Reserve Management Co. Inc. must turn over 60 emails exchanged between a top executive and his wife in a multidistrict litigation claiming the mutual fund manager misled investors in the wake of Lehman Brothers Holdings Inc.'s collapse.

U.S. District Judge Paul Gardephe ordered the communications to be made public this week, crushing Reserve's desire to keep the exchanges private in its fraud battle with the U.S. Securities and Exchange Commission.

"Although communications between spouses are presumed to be...
To view the full article, register now.