Ex-Bear Stearns Broker Sues Firm For $30M

Law360, New York (September 5, 2006, 12:00 AM EDT) -- A former broker for investment bank Bear Stearns Cos. has slapped the firm with a $30 million lawsuit, alleging he was wrongfully terminated in the wake of a market-timing scandal that hit Bear Stearns in 2003.

Mark Hurant has filed an arbitration claim with the National Association of Securities Dealers seeking $15 million in compensatory damages and $15 million in punitive damages.

Hurant claims that Bear Stears fired him in 2003 as a result of “his activities related to mutual-fund trading including the timing of mutual-fund...
To view the full article, register now.