Reserve Pins Hopes For SEC Defeat On Lehman Chaos

Law360, New York (March 30, 2012, 7:35 PM EDT) -- Now that the U.S. Securities and Exchange Commission and Reserve Management Co. Inc. appear bound for trial, the defense strategy will likely shift to convincing jurors that the firm and its father-son managers were trying to calm fears, and not mislead their clients, when they downplayed the collapse of Lehman Brothers Holdings Inc., attorneys say.

On Thursday, a federal judge refused competing bids for summary judgment filed by Reserve Management and the SEC, paving the way for trial in the long-running suit accusing the investment firm...
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