Bear Stearns Execs Face Another Amended Complaint

Law360, New York (October 12, 2009, 8:08 PM EDT) -- A unit of Stillwater Capital Partners LP has filed an amended complaint that, like many others, accuses various Bear Stearns Cos. defendants of breaching their fiduciary duties to a pair of hedge funds that imploded due to risky bets in the subprime mortgage market.

The amended derivative complaint, filed Friday in the U.S. District Court for the Southern District of New York, was brought on behalf of the Bear Stearns High-Grade Structured Credit Strategies Fund LP against managers and operators of the fund.

“The management defendants...
To view the full article, register now.