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Reserve Fund Faced ‘Perfect Storm’

In closing arguments, Bents lawyer compares 2008 crisis to Hurricane Sandy.

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Reserve Primary Fund, the failed $62.5 billion money-market fund run by Bruce R. Bent and his son Bruce R. Bent II, was faced with an economic storm much like Hurricane Sandy, which swept through the northeastern U.S. last week, a lawyer for the two men told jurors in Manhattan.

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