Judge Keeps Regulator Suit V. Reserve Fund In MDL

Law360, New York (August 12, 2009, 7:17 PM EDT) -- A federal judge has denied a bid by Colorado regulators to transfer a securities lawsuit against Reserve Management Co. Inc. out of multidistrict litigation in New York and back to Colorado.

On Monday Judge John G. Heyburn II of the U.S. District Court for the Southern District of New York denied a request by Fred Joseph, the securities commissioner for the state of Colorado, to vacate an order that conditionally transferred the case from the U.S. District Court for the District of Colorado to the Southern...
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