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3 Oct 2012, 12:37 pm by Jay Salamon
This article was originally posted on Stock Market LossThe Stockmarketloss.com group of Hermann, Cahn & Schneider LLP is investigating potential individual and group claims concerning mortgage-backed securities sold by Bear Stearns and/or EMC Mortgage, including the following: Bear Stearns Alt-A Trust Bear Stearns Asset Backed Securities I Trust Bear Stearns Asset Backed Securities Trust Bear Stearns… [read post]
1 Oct 2012, 1:13 am by Kevin LaCroix
In what is by far the largest settlement of a credit crisis-related securities class action lawsuit, Bank of America has agreed to pay $2.43 billion to settle the suit filed against the company and certain of its directors and officers in connection with the bank’s financial crisis-driven acquisition of Merrill Lynch. [read post]
7 Sep 2012, 2:36 pm
Cardona told the Journal that the failed first attempt to charge financial players with crisis-related fraud - the 2009 trial and eventual acquittal of two Bear Stearns Cos. hedge-fund managers - prompted a lot of rethinking when it came to criminal prosecutions. [read post]
6 Sep 2012, 1:53 am by Kevin LaCroix
Every fall since I first started writing this blog, I have assembled a list of the current hot topics in the world of directors’ and officers’ liability. [read post]
28 Aug 2012, 11:34 am
From the shocking collapses of Lehman Brothers, Bear Stearns, and MF Global, to the inexplicable plummets of Madoff and Stanford, to the miscues of Knight Capital, Facebook, NASDAQ, JP Morgan, and Goldman Sachs. [read post]
27 Aug 2012, 6:45 pm by Nicholas Gebelt
  The investment bank Bear Stearns (BSC) owns two bankruptcy-debt buyers: Max Recovery and eCast Settlement. [read post]
17 Aug 2012, 8:00 am by Ernest E. Badway
  In the Gredd case, the Court found that Bear Stearns was liable as the initial transferee in a ponzi scheme customer where Bear Sterns had controlled the customer funds. [read post]
15 Aug 2012, 2:00 am by Kara OBrien
., Bear Stearns, Lehman Brothers); changes in policy from the Securities and Exchange Commission (e.g., in 2009, the SEC reversed its long-standing policy on shareholder proposals related to succession planning, ruling that companies could no longer exclude from their proxy materials proposals from shareholders on succession planning matters); and market pressures (e.g., aggressive activist stockholders publicly or privately calling for changes in executive and/or board of… [read post]
15 Aug 2012, 2:00 am by Kara OBrien
., Bear Stearns, Lehman Brothers); changes in policy from the Securities and Exchange Commission (e.g., in 2009, the SEC reversed its long-standing policy on shareholder proposals related to succession planning, ruling that companies could no longer exclude from their proxy materials proposals from shareholders on succession planning matters); and market pressures (e.g., aggressive activist stockholders publicly or privately calling for changes in executive and/or board of… [read post]
27 Jul 2012, 2:00 am by Kara OBrien
Judge Highlights SEC’s Limited Enforcement Powers - In November 2009, a federal jury in Brooklyn acquitted Ralph Cioffi and Matthew Tannin of securities fraud charges arising from the failure of their hedge fund at Bear Stearns. [read post]
27 Jul 2012, 2:00 am by Kara OBrien
Judge Highlights SEC’s Limited Enforcement Powers - In November 2009, a federal jury in Brooklyn acquitted Ralph Cioffi and Matthew Tannin of securities fraud charges arising from the failure of their hedge fund at Bear Stearns. [read post]
24 Jul 2012, 10:42 pm by Kevin LaCroix
  This recent development in the case involving the two Bear Stearns hedge fund managers follows a November 2011 request from SEC Chairman Mary Shapiro that Congress increase the penalties that the SEC is authorized to seek and allow the agency to seek penalties based on the scope of investor losses. [read post]
24 Jul 2012, 8:33 am by James Hamilton
However, the Senators noted that in a recent case between the SEC and two former Bear Stearns hedge fund managers who were indicted on charges of wire and securities fraud for misrepresenting the health of their funds that cost investors $1.6 billion, the SEC was forced to settle for civil penalties of $800,000 and $250,000, respectively. [read post]
23 Jul 2012, 12:48 pm by Editorial Board
District Court for the Southern District of New York remanded suits brought by Bayerische Landesbank against Bear Stearns and Merrill Lynch to the Supreme Court of the State of New York, where they were originally filed. [read post]
23 Jul 2012, 12:48 pm by Editorial Board
District Court for the Southern District of New York remanded suits brought by Bayerische Landesbank against Bear Stearns and Merrill Lynch to the Supreme Court of the State of New York, where they were originally filed. [read post]
14 Jul 2012, 5:43 pm
Offering a rejoinder, the court agreed with the district court that Goldman’s argument for manifest disegard doesn’t succeed due to the recent case of Bear Stearns Securities Corp. v. [read post]