Bear Stearns (NYSE:BSC)
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From Nov 2019 to Nov 2024
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/