A federal court jury in Manhattan returned verdicts on Monday, November 12, largely exonerating the two most senior Reserve Management Company executives in a Securities and Exchange Commission enforcement action accusing them of fraud.
USA, Capital Markets, Insolvency & Restructuring, Litigation, White Collar Crime, Orrick, Herrington & Sutcliffe LLP, Fraud, Negligence, Net asset value, US Securities and Exchange Commission, Lehman Brothers