Bear Stearns Liquidators' Suit Against Deloitte Pared

Law360, New York (June 29, 2010, 7:08 PM EDT) -- A federal judge has trimmed a suit accusing accounting firm Deloitte & Touche LLP of professional malpractice in connection with the 2007 collapse of two Bear Stearns Cos. hedge funds that made risky bets in the subprime mortgage market.

Judge Alvin K. Hellerstein of the U.S. District Court for the Southern District of New York on Friday dismissed a claim by liquidators of two Bear Stearns hedge funds that Deloitte and Walker Fund Services Ltd. aided and abetted a breach of fiduciary duty.

The judge also...
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