HALISTER: Bear Stearns Lawsuit Narrowed by Judge Who Lets Case Go Forward

Bear Stearns Lawsuit Narrowed by Judge Who Lets Case Go Forward

(Bloomberg) -- A federal judge has narrowed a lawsuit accusing Bear Stearns and former top executives James Cayne and Warren Spector of misleading investors about the firm’s financial condition in 2008
  • Judge Robert Sweet in Manhattan granted in part, denied in part a motion for summary judgment
  • Lawsuit was filed in 2009; opinion was made public on Monday
  • Bear Stearns also sought a ruling excluding from evidence a 2008 report by the U.S. Securities and Exchange Commission; the judge denied that request
  • Case is In Re Bear Stearns, 08-MDL-1963, U.S. District Court, Southern District of New York (Manhattan)
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
JPM US (JPMorgan Chase & Co)
1070L US (United States District Court for the Northern District of New York)

People
James Cayne (Bear Stearns & Co Inc)
Robert Sweet ((US)Dist Court:NY-Southern)

Topics
Civil Procedure

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UUID: 7947283