Fund Manager To Explain US' Role In Lehman Finances At Trial

Law360, New York (October 2, 2012, 8:21 PM EDT) -- A New York federal judge agreed Tuesday to allow Reserve Management Co. Inc. to discuss the government's role in its 2008 understanding of Lehman Brothers Holdings Inc.'s finances to battle claims that the company misled investors about the safety of its money market fund.

The defendants plan to present evidence at trial to explain their calculation of Lehman's net worth before its bankruptcy filing based on the U.S. Securities and Exchange Commission's oversight of the bank in a voluntary regulatory program, according to 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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