Reserve Defense Can Grill SEC Attys In Fund Fraud Case

Law360, New York (April 9, 2012, 8:07 PM EDT) -- A federal judge ruled Monday that government lawyers must answer questions on whether they pushed players in the Reserve Management Co. Inc. probe to alter evidence in the case, which alleges Reserve's owners lied to investors about its fund's safety before Lehman Brothers Holdings Inc.'s collapse.

The U.S. Securities and Exchange Commission must allow Reserve defense lawyers to question U.S. Securities and Exchange Commission lawyers on whether they coerced possible witnesses in the case to rewrite meeting minutes to help the government's case, U.S. District Judge...
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Case Information

Case Title

Securities and Exchange Commission v. Reserve Management Company, Inc. et al


Case Number

1:09-cv-04346

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Paul G. Gardephe

Date Filed

May 5, 2009

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