Court Selects New Lead Plaintiffs In Bear Stearns Case

Law360, New York (February 13, 2008, 12:00 AM EST) -- A New York federal court has appointed a new set of lead plaintiffs in the securities class action against Bear Stearns & Co. for allegedly engaging in a scheme that led to the downfall of now-defunct securities firm Sterling Foster & Co.

Judge Arthur D. Spatt on Tuesday picked the Levitt plaintiffs, which have the largest financial interest in the case, to take charge of the class action in the U.S. District Court for the Eastern District of New York.

The decision was prompted by an...
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