Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The SEC Requests a Rematch with the Bents Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, December 13, 2012

The SEC Requests a Rematch with the Bents

News summary by MFWire's editors

The Securities and Exchange Commission is hoping it will have better luck in its second matchup with the Bents than it had the first time around.

The Wall Street Journal is reporting that the SEC has filed documents for a new trial against the Bents, whom a jury cleared last month in a fraud case related to the collapse of the Reserve Primary Fund.

Citing "people familiar with the matter," Journal reporter Kirsten Grind says that the SEC's request relates to specific claims about customers who bought Reserve Primary shares on September 15 and 16, 2008, the two days during which Lehman Brothers filed for bankruptcy and the fund broke the buck. Grind reports that the request for a new trial was filed on Wednesday with the U.S. District Court for the Southern District of New York, the same venue as the first trial.

The Journal says that Judge Paul Gardephe, who presided over the first trial, will hear briefs in the coming weeks before deciding if the new trial will proceed. 

Edited by: Chris Cumming


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use