A federal judge on Wednesday ordered The Reserve Primary Fund, which last year roiled the $3 trillion money-market industry by "breaking the buck," to pay out its remaining assets to shareholders waiting to get their money back.
S.E.C. Plan to Distribute Money Fund Is Accepted
The estimated $3.5 billion remaining assets of the Reserve Primary Fund should be distributed on a prorated basis to shareholders, a federal judge ruled on Wednesday in response to lawsuits...
SEC says Mich. is home to $53 million scam
A federal judge in Detroit has frozen the assets of people accused of running a $53 million real estate scam in which money from new investors is used to pay other investors.
Court Ruling Clears Path for G.M. to Restructure
A federal judge approved a plan by General Motors to sell its best assets to a new, government-backed company, a crucial step for the automaker to complete its bankruptcy process.
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