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Four Law Firms Join to Sue Bear Stearns for Hedge Fund Losses

Business Wire

NEW YORK–(BUSINESS WIRE)–Four plaintiffs securities litigation law firms have joined together to represent institutional and retail customers of Bear Stearns and purchasers of Bear Stearns Companies, Inc.’s (NYSE – BSC) sub-prime mortgage hedge funds which have recently collapsed. The funds are the Bear Stearns High Grade Structured Credit Strategies Master Fund and the High Grade Structured Credit Strategies Enhanced Leverage Master fund.

On July 31, 2007 the two Bear Stearns hedge funds filed for bankruptcy protection in the Southern District of New York wiping out nearly all investor capital.

The associated law firms are Aidikoff, Uhl & Bakhtiari; Maddox Hargett & Caruso, P.C., David P. Meyer & Associates Co., LPA and Page Perry, LLC. The firms represent the interest of institutional and retail investors in disputes against Wall Street banks like Bear Stearns.

“This team of attorneys provides small investors and financial institutions alike with local representation across the country,” said Mark Maddox, a former Indiana Securities Commissioner, and partner in Maddox, Hargett & Caruso. “The team has significant experience in individual, multi-party and class cases and are dedicated to representing investors in an effort to make them whole.

“Bear Stearns told its clients that the funds were backed by fixed income securities of which 90% of the portfolio were AAA to AA- rated by Standard and Poors,” Maddox continued. “The collapse of the Bear Stearns funds over the last couple of months is stunning.”

For more information about this release or the Bear Stearns hedge fund litigation please visit our website or contact::

Philip M. Aidikoff –
Ryan K. Bakhtiari –
Aidikoff, Uhl & Bakhtiari
Beverly Hills, California; Indian Wells, California
(800) 382-7969
(310) 274-0666

Mark Maddox –
Tom Hargett –
Steven Caruso –
Indianpolis, Indiana; Cleveland, Ohio; New York, New York
(800) 505-5515
(212) 837-7908

David P. Meyer –
David P. Meyer & Associates Co., LPA
Columbus, Ohio
(866) 827-6537

Boyd Page –
Page Perry, LLC
Atlanta, Georgia
(877) 673-0047
(770) 673-0047