Reserve Funds has added insult to injury, literally, to the investors in its Primary Fund. The fund, which broke the buck on Sept. 16 and has been struggling to return investors’ assets ever since, is now valuing the remaining balance at 98.5 cents per share.

If the fund company goes to court over the numerous lawsuits that have been levied against it, that figure could become much lower, as the firm will deduct legal fees, Reserve said.

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