4 responses to “Lawsuits Fly After Primary Fund “Breaks the Buck””

  1. […] mid-September, Reserve Management Co. was the subject of numerous lawsuits (discussed here) after its Primary Fund became the first money-market mutual fund to ever expose retail clients to […]

  2. […] September 2008, as discussed here, RMCI’s Primary Fund became the first money-market mutual fund to ever expose retail clients […]

  3. […] hits keep coming for Reserve Management Co., the mutual fund that “broke the buck” back in September 2008.  On Tuesday, Massachusetts’ top securities regulator accused […]

  4. […] the case “dwarfs” that of any other proposed lead plaintiff.  As previously discussed here, in September 2008 Reserve Primary became the first money fund in more than a decade to […]