Saturday, January 28, 2023 | Back issues
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Shareholder Class Action

Shareholders say Reserve Management Co. violated the Investment Company Act of 1940 by its involvement in the Primary Fund, a money market fund whose value fell below $1 a share due to investments in Lehman Bros.' subprime paper, in Manhattan Federal Court.

Citigroup breached its duty to people who bought LLC interests in Mat Five LLC, according to a complaint in New York County Court.

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