The Reserve's involved in another lawsuit, but this time Bruce Bent and company are the ones doing the suing. Compliance Reporter reports that, earlier in January, the Manhattan-based money fund specialists filed a lawsuit in Washington, D.C. against law firms Dechert and K&L Gates for alleged "professional malpractice" over '40 Act compliance.

For the full story on the the death of the Reserve and its Primary Fund, see MFWire's timeline.

A spokeswoman for Reserve could not immediately be reached by MFWire for comment, and a spokesman for K&L declined to comment. A spokeswoman for Dechert declined to comment beyond the following statement.

"This matter has no merit," the spokeswoman told MFWire, "and we intend to defend it vigorously." 

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