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...
To view the full article, register now.




Case Information

Case Title

In Re The Reserve Fund Securities and Derivative Litigation

Case Number



New York Southern

Nature of Suit



Paul G. Gardephe

Date Filed

February 11, 2009

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.