Judge Caps Time For Witnesses In Reserve Management Trial

Law360, New York (July 13, 2012, 4:30 PM EDT) -- A New York federal judge on Friday said he would limit the time allotted each witness at trial in the U.S. Securities and Exchange Commission's long-running suit alleging Reserve Management Co. Inc. made deceptive statements about its money market fund following the Lehman Brothers Holdings Inc. collapse.

U.S. District Judge Paul G. Gardephe said he had asked the SEC and defense attorneys to draw up witness lists to help keep the trial within a two-week time frame, but that the defendants had “made no effort to...
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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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