Notice to All Bear Stearns High-Grade Structured Credit Strategies and High-Grade Structured Credit Strategies Enhanced Leverage
04 March 2008 - 7:10AM
PR Newswire (US)
NEW YORK, March 3 /PRNewswire/ -- The Securities Law Firm of
Klayman & Toskes, P.A. ("K&T")(http://www.nasd-law.com/)
announced today that it is still accepting claims against Bear
Stearns (NYSE:BSC) on behalf of investors around the world, who
sustained losses in the High-Grade Structured Credit Strategies and
High-Grade Structured Credit Strategies Enhanced Leverage Funds
("the Bear Funds"). Combined, the Bear Funds had investor capital
of about $1.56 billion. With this capital, and additional leverage
taken out on the capital, Bear Stearns bet heavily on the market
for subprime mortgages and invested in thinly traded collateralized
debt obligations ("CDO"). Its gamble turned out to be wrong. As a
result of the slumping U.S. housing market in 2007, the Bear Funds
collapsed within a very short period of time, and investors lost
about $1.9 billion. Presently, K&T is processing claims against
numerous brokerage firms due to the collapse of the CDO and credit
markets. The claims primarily deal with the Auction Rate Securities
crisis, CDO losses in hedge funds and other institutions, and
losses in bond funds which were over-concentrated in the subprime
and CDO markets. Klayman & Toskes, P.A., an experienced and
nationally recognized securities litigation law firm, continues its
representation of investors throughout the world in securities
arbitration and litigation matters against major Wall Street
brokerage firms. If you wish to discuss this announcement or have
information relevant to our claims, please contact Steven D.
Toskes, Esquire of Klayman & Toskes, P.A., at 888-997-9956, or
visit us on the web at http://www.nasd-law.com/. DATASOURCE: The
Securities Law Firm of Klayman & Toskes, P.A. CONTACT: Steven
D. Toskes, Esquire of Klayman & Toskes, P.A., +1-888-997-9956
Web site: http://www.nasd-law.com/
Copyright
Bear Stearns (NYSE:BSC)
Historical Stock Chart
From Oct 2024 to Nov 2024
Bear Stearns (NYSE:BSC)
Historical Stock Chart
From Nov 2023 to Nov 2024
Real-Time news about Elements Benjamin Graham Small Cap Value Index-Total Return Etn (New York Stock Exchange): 0 recent articles
More Bear Stearns Cos The News Articles