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...
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.