Univision Can Intervene in Ameriprise Suit Over Fund

Law360, New York (November 6, 2008, 12:00 AM EST) -- A federal judge has approved Univision Communications Inc.'s request to intervene in a securities suit alleging that the manager of a money market mutual fund illegally tipped certain institutional investors about the fund's exposure to Lehman Brothers Holdings Inc. just before the brokerage filed for bankruptcy.

In an order handed down Tuesday in the U.S. District Court for the District of Minnesota, Judge Paul A. Magnuson granted Univision's motion to intervene in the suit filed against Reserve Management Co. Inc. by Ameriprise Financial Inc. and Securities...
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