SEC Denied New Trial In Fund Manager Case

Law360, New York (September 30, 2013, 6:17 PM EDT) -- A federal judge on Monday refused a U.S. Securities and Exchange Commission request for a new trial against money manager Bruce Bent Sr., who was accused of lying to investors to save a $62.5 billion fund.

U.S. District Judge Paul G. Gardephe said the commission waived its right to seek a new trial against Bent and others by not complaining immediately after a jury cleared him in November. 

The SEC claimed in a lawsuit that Bent and his son Bruce Bent II lied to investors by...
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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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