S.E.C. Plan to Distribute Money Fund Is Accepted

Courtesy Topix - Business News  Fri, 11/27/2009 - 08:08

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 filed after the fund's value dropped below $1 a share in September 2008.

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