Prosecutors Must Shift Tactics After Bear Loss: Experts

Law360, New York (November 12, 2009, 5:33 PM EST) -- On Tuesday, a federal jury in New York handed down a verdict of not guilty for two former Bear Stearns Cos. Inc. hedge fund managers who were accused of defrauding investors.

The Bear Stearns hedge fund case was the first criminal prosecution to be filed over the financial system's near total collapse in 2008, and was seen as a bellwether for future prosecutions. After losing in their first outing, the government will take a long look at their strategy moving forward, former prosecutors say.

“I think...
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