As many as 47,000 certificates were sold during
Bear Stearns' offering periods, and many were backed by shaky sub-prime and low documentation mortgages.
Reversing an intermediate court, the Court of Appeals revived claims seeking coverage for a 2006 settlement between
Bear Stearns and the U.S.
Bear Stearns sought coverage of the $160 million disgorgement payment from its primary insurer, Vigilant Insurance Co., and six excess insurance carriers.
Morgan, more than two-thirds of these payments relate to securities issued by
Bear Stearns and are slated for return to the trusts Bear sponsored or the investors in those trusts.
Monday, New York state Attorney General Eric Schneiderman filed a lawsuit against JPMorgan, as a legal successor to
Bear Stearns, asking the bank to pay some $22.5 billion to make up for alleged malfeasance by
Bear Stearns' mortgage securitization unit to sell financial product.
At
Bear Stearns, Lupton was director of international equities responsible for setting up the firm's UK sales trading presence.
Cohan's narrative of the collapse of
Bear Stearns & Co., you must know that Jimmy Cayne--the leatherfaced former CEO of the giant investment bank, trading firm, and broker-dealer--employed not one but four lucky stiffs, at six-figure annual salaries, to play tournament cards with him.
The collapse of former financial giant
Bear Stearns (not to mention the other failing financial institutions that followed
Bear Stearns into oblivion) and the ongoing credit crisis has investors understandably worried.
The Association of Real Estate Women (AREW) will commence its 2008-09 season of monthly luncheons on Tuesday, October 7 with a behind-the-scenes look at the fall of, and life after,
Bear Stearns & Co.
When asked whether the government should help Lehman the same way it helped
Bear Stearns, Greenspan said the government is trying to do it in a different manner.
The funds at
Bear Stearns, which contained some of the highest-risk securities available, collapsed in June 2007, causing more than $350 billion in write-downs and culminating in the demise of one of the nation's largest underwriters of mortgage bonds.
Two former hedge fund managers from the
Bear Stearns investment bank have been charged with fraud over two funds which collapsed last year causing losses of about $1.8bn.Matthew Tannin and Ralph Cioffi, who were taken into police custody on Thursday, are accused of misleading investors over the state of the funds.
