Willkie Farr Settles Malpractice Suit With Fund Manager

Law360, Los Angeles (February 3, 2014, 10:07 PM EST) -- Willkie Farr & Gallagher LLP has reached a settlement with Reserve Management Co. Inc. for an undisclosed amount in a malpractice suit claiming the firm made deceptive disclosures about its money market fund following the Lehman Brothers Holdings Inc. collapse, according to a stipulated dismissal order filed Monday.

U.S. District Judge Paul G. Gardephe signed off on the parties’ joint dismissal, submitted to the court last week, officially dismissing all claims and counterclaims in the lawsuit with prejudice. Settlement details weren’t disclosed, and representatives for the parties...
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