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BIBLIOGRAPHY

Judge awards $750,000 in case of money fund that ‘broke buck’ (Reuters, Oct 1, 2013)

Reuters (published in Business Insurance)

Claims Supported by This Source

  1. Report: A November 2012 jury verdict cleared Bruce Bent Sr., founder of the management company for the Reserve Primary Fund, and his son Bruce Bent II of civil fraud liability. The jury found the son liable for negligence and the corporate entities, including the management company, liable on other counts.
  2. Report: In 2013, federal district Judge Gardephe imposed penalties totaling $750,000—$100,000 on the son and $325,000 each on two corporate entities (Reserve Management and Resrv Partners)—against the more than $130 million sought by the SEC. The request for a permanent injunction was denied.

How to read the verification levels. 'Read' means the material was read in its entirety. 'Bibliography and abstract confirmed' means the bibliographic information and abstract were verified. 'Via course material' means the source was referenced through the main text of a book or a country's monetary history. The text hash is the SHA-256 of the main text from the original source page, excluding tags and whitespace, used to detect if the material has been altered.