Updated Monday, December 22, 2014 as of 8:33 PM ET

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Reserve Fund Jury Finds One Bent Liable, Absolves Another

Patricia Hurtado

Bruce R. Bent II, president of the failed $62.5 billion Reserve Primary money-market fund, was found liable for one claim that he negligently violated a securities law while his father was absolved of any liability in a lawsuit brought by the Securities and Exchange Commission.

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