SEC Eyes New Trial In Suit Against Fund Manager

Law360, New York (December 13, 2012, 3:43 PM EST) -- The U.S. Securities and Exchange Commission will seek a new trial against money manager Bruce Bent after failing to convince a New York federal jury that he lied to investors to try save his company's $62.5 billion fund, the agency said Wednesday.

The SEC issued a brief notice saying it planned to file a motion requesting “judgment as a matter of law and a new trial as to certain of its claims” against Bent, his son Bruce Bent II and their company, Reserve Management Co. Inc. The...
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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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