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Recession Influenced Bear Stearns In Ch. 7 Fray, 3rd Circ. Told

By Jeannie O'Sullivan (September 26, 2019, 8:59 PM EDT) -- The Third Circuit on Thursday questioned if it was really improper of Bear Stearns Co. Inc. to liquidate a bankrupt debtor's securities in 2007 as the country careened toward a recession, suggesting it wouldn't have been "economically rational" for the investment giant to risk a potential $60 million loss by waiting out such an uncertain market....

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