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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 […]
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. “We figured it was better [to band] together because there’s a lot of work to be done,” said Steve Caruso, partner. The firms are targeting Bear Stearns Securities rather from the […]
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 […]
Business Wire
NEW YORK–(BUSINESS WIRE)–Four plaintiffs securities litigation law firms have joined together to represent institutional and retail customers of Bear Stearns and purchasers of Bear Stearns Companies, Inc.’s (NYSE – BSC) sub-prime mortgage hedge funds which have recently collapsed. The funds are the Bear Stearns High Grade Structured Credit Strategies Master Fund and the High Grade […]
Wall Street Journal
Big investors aren’t the only ones getting burned by mortgage investments. Some brokerage firms who put their customers in risky mortgage investments now have small investors fighting to get their money back. That includes customers of Irvine, Calif., brokerage firm Brookstreet Securities Corp., which shut down last month after the value of some of its […]