Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Friday, October 5, 2007

Feds Start Investigation into Bear Stearns Funds

Federal prosecutors are investigating two Bear Stearns mortgage-related hedge funds that were shut down in July with losses to investors of $1.6 billion.  Bear Stearns Chair James Cayne says the worst is over for the firm, two weeks after the company reported third quarter losses.  WSJ, Prosecutors Begin a Probe Of Bear Funds; NYTimes, Bear Stearns, on Upswing, Sees No Need to Seek Cash.

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