SEC Readies For Trial With Reserve Management

Law360, New York (September 12, 2012, 7:19 PM EDT) -- The U.S. Securities and Exchange Commission said Wednesday it had not reached a settlement with Reserve Management Co. Inc. over claims the firm misled investors about the safety of its money market fund during the financial crisis, setting the stage for a lengthy trial in New York federal court.

SEC attorney Nancy Brown told U.S. District Judge Paul G. Gardephe at a court hearing that the parties had not crafted a deal to avoid trial beginning Oct. 1. Judge Gardephe warned Brown and Reserve attorney John...
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Case Information

Case Title

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

Case Number



New York Southern

Nature of Suit



Paul G. Gardephe

Date Filed

May 5, 2009

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