Alert April 27, 2010

Goodwin Procter Partner Mark Holland Honored as Independent Counsel of the Year

For his work in representing the Independent Trustees of the Reserve Funds, Goodwin Procter partner Mark Holland was honored as the “Independent Counsel of the Year” at the 17th Annual Mutual Fund Industry Awards sponsored by Fund Directions, a leading mutual fund industry publication.  Fund Directions’ highly-coveted Mutual Fund Industry Awards annually recognize the mutual funds, fund leaders, marketers, trustees and independent counsel who were distinctive for their excellence, achievements, innovation and contributions to the field.  Serving as their litigation counsel, Holland defended the Independent Trustees of the Reserve Primary Fund in numerous lawsuits, all of which have been dismissed voluntarily.  He has advised the Trustees throughout the litigation process, including advocating their positions with the court and the SEC in securing approval of the Fund’s plan of liquidation.  He also assisted the Independent Trustees in their extraordinary efforts to distribute the Fund’s assets to shareholders as quickly as possible.