Securities and Exchange Commission v. Reserve Management Company, Inc. et al
| Securities and Exchange Commission |
| Reserve Management Company, Inc., Resrv Partners, Inc., Bruce Bent, Sr. and Bruce Bent, II |
| The Reserve Primary Fund |
| 1:2009cv04346 |
| May 5, 2009 |
| US District Court for the Southern District of New York |
| Foley Square Office |
| New York |
| Unassigned |
| Securities/Commodities |
| 15 U.S.C. ยง 78 m(a) Securities Exchange Act |
| Defendant |
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The following documents for this case are available for you to view or download:
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Filing
648
MEMORANDUM OPINION & ORDER: For the reasons stated above, the Commissions motion for judgment as a matter of law and for a new trial is DENIED. Defendants motion for judgment as a matter of law is DENIED. Defendants motion to amend the Judgment is GR ANTED to the extent that the Court will issue an Amended Judgment indicating that Bent II, RMCI, and Resrv Partners violated Section 17(a)(2) or (3) of the Securities Act. The motion to amend is otherwise DENIED.The Commissions motion for disgorgemen t is DENIED. A civil penalty of $325,000 is imposed on RMCI, and a civil penalty of $325,000 is also imposed on Resrv Partners. A $100,000 civil penalty is imposed on Bent II. The Commission's motion for apermanent injunction against Defendants RMCI, Resrv Partners, and Bent II is DENIED.The Clerk of Court is directed to terminate the motions (Dkt. Nos. 616, 617) and to close this case. (Signed by Judge Paul G. Gardephe on 9/30/2013) (cd)
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Filing
372
MEMORANDUM OPINION AND ORDER. For the reasons stated in this memorandum opinion and order, the Commission's request for an order compelling Defendants to produce emails exchanged between Bent II and his wife on September 15 and 16, 2008 is GRANTED. (Signed by Judge Paul G. Gardephe on 5/23/11) (rjm)
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Filing
272
MEMORANDUM OPINION AND ORDER re: #98595 (122 in 1:09-cv-04346-PGG) MOTION to Dismiss. For reasons further set forth in said Order, Defendants' motion to dismiss is DENIED. The Clerk of the Court is directed to terminate the motion. (Docket No. 122). (Signed by Judge Paul G. Gardephe on 2/24/10) Filed In Associated Cases: 1:09-md-02011-PGG, 1:09-cv-04346-PGG(db) Modified on 2/25/2010 (ajc).
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Filing
201
MEMORANDUM OPINION No. - - - - -. For the reasons set forth above, this Court will enter an order providing for, inter alia, a pro rata distribution of the remaining assets of the Primary Fund; an injunction barring all claims against (1) Primary Fun d assets, including shareholder claims against the Primary Fund; and (2) any of the Defendants and any of the Defendants' officers, directors, trustees, representatives, agents or employees to the extent that such claims are subject to indemnifi cation by the Primary Fund; and the appointment of a monitor or magistrate judge to oversee the distribution of Primary Fund assets and to review any claims by the Primary Fund's adviser or distributor for management fees and expenses and any claims by indemnitees for indemnification expenses, among other duties. (Signed by Judge Paul G. Gardephe on 11/25/09) Filed In Associated Cases: 1:09-md-02011-PGG, 1:09-cv-04346-PGG(rjm)
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Filing
186
ORDER: It is hereby ordered that there will be a conference in this matter in this matter on November 9, 2009, at 230 p.m. in Courtroom 18B of the United States Courthouse, 500 Pearl Street, New York, New York, as set forth in this Order. (Signed by Judge Paul G. Gardephe on 11/5/2009) (jpo) Modified on 11/18/2009 (jpo).
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Filing
169
ORDER....Telephone Conference set for 10/8/2009 at 03:30 PM before Judge Paul G. Gardephe. (Signed by Judge Paul G. Gardephe on 10/5/09) (cd)
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Filing
168
ORDER: It is hereby ordered that 1. the Commission shall file, by October 1, 2009, a final proposed order, as well as a list of three individuals it recommends the Court consider for appointment as Monitor, in the event that the Commission's Pla n of Distribution is approved; 2. any party or claimant who wishes to submit additional briefing conceming either the "claw back" provision or the appropriate treatment of "straddler" investors may do so by October 6,2009, by fili ng their submission with the Court and serving copies on Commission counsel, Nancy A. Brown, Esq., Securities and Exchange Commission, 3 World Financial Center, New York, New York 10281; 3. the Massachusetts Securities Division may submit an amicus brief concerning the "claw back" and "straddler" investor issues by October 6,2009. (Signed by Judge Paul G. Gardephe on 9/23/2009) (jpo)
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