Investment Dealers Digest
Following the collapse this summer of two Bear Stearns hedge funds – its High Grade Structured Credit Strategies Master Fund and its High Grade Structured Credit Strategies Enhanced Leverage Master – disgruntled investors, both in the US and overseas, are teaming up to bring legal action against the Wall Street firm. Several complaints are being […]
Dow Jones
NEW YORK (Dow Jones)–When investor Chuck Highbaugh had a dispute with his broker, it took the efforts of a mediator to literally bring him back to the table. When Highbaugh accused his broker of placing him in unsuitable investments, they agreed to meet at a mediator’s home in Beverly Hills. At an impasse, Highbaugh followed […]
Prime Newswire
BEVERLY HILLS, Calif., Sept. 11, 2007 (PRIME NEWSWIRE) — Aidikoff, Uhl & Bakhtiari filed a class action lawsuit against Morgan Stanley (NYSE:MS – News) on August 30, 2007 in the United States District Court for the Central District of California, on behalf of all persons who purchased or otherwise acquired “Snowball notes” issued by Bayerische […]
Total Securitization
A consortium of law firms has formed to represent investors who have lost money from their investment in the collapsed Bear Stearns hedge funds. Aidikoff Uhl & Bakhtiari, Maddox Hargett & Caruso and Page Perry are representing eight investors in different parts of the arbitration process with claims totaling $60 million. “We figured it was […]
New York Post
August 28, 2007 — Investors who put money into two Bear Stearns hedge funds that blew up because of bad bets on subprime mortgages still might get a chance to recover a bit of their investment. A federal judge in Manhattan yesterday temporarily blocked investors from seizing the assets of the two funds, but said […]