Daily News
AS SUBPRIME LOSSES escalate, two local plaintiffs’ firms, Page Perry and Chitwood Harley Harnes, have filed arbitration demands and a shareholder class action, respectively, against investment firms. Nationally, subprime-related litigation is starting to swell, but the small number of Atlanta plaintiffs’ firms that handle securities litigation limits local suits. Page Perry has joined forces with […]
Bloomberg
WASHINGTON, USA (Bloomberg): Bear Stearns Cos. clients hit with about $62 million in losses tied to the June collapse of two Cayman Islands hedge funds began filing claims this week, accusing the bank of deception and other misconduct, plaintiffs’ lawyers said. At least 11 institutional and retail investors will file arbitration cases with the Financial […]
New York Times
The first of a new round of investor claims was filed against Bear Stearns Cos. <BSC.N> on Wednesday for its role in managing two mortgage hedge funds that collapsed earlier this year, securities lawyers said. The claims, which will be submitted to the Financial Industry Regulatory Authority (FINRA) for arbitration, represent more legal challenges for […]
Investment Dealers Digest
In the latest development surrounding Bear Stearns’ conduct relating to two collapsed hedge funds, the Massachusetts Securities Division earlier this month accused the company of fraud. At the same time, lawyers representing other investors claim to have proof, through email correspondence, that Bear knew of a severe liquidity crisis yet continued to market the two […]
Tennessean.com
Nashville-based Genesco said Monday the U.S. Attorney’s Office for the Southern District of New York issued the company a subpoena asking for documents related to its $1.5 billion merger agreement with Indianapolis-based The Finish Line. The Finish Line is in a legal battle with Genesco over whether it can get out of its agreement to […]