Feds Probe For Insider Trading At Bear's Failed Funds

Law360, New York (December 17, 2007, 12:00 AM EST) -- The U.S. Securities and Exchange Commission and the U.S. attorney's office for the Eastern District of New York have reportedly launched a probe into claims of insider trading at Bear Stearns Cos. associated with its two failed hedge funds.

Citing unnamed sources, BusinessWeek said the government is examining whether some unidentified Bear Stearns insiders were pulling their own money out of the hedge funds before they went belly up over the summer, at exactly the time when then managers of the two troubled hedge funds were...
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