Bankrupt Bear Stearns Funds Get Injunction

Law360, New York (August 9, 2007, 12:00 AM EDT) -- Two insolvent Cayman Islands-based Bear Stearns & Co. Inc. hedge funds can rest easy after a federal bankruptcy judge granted their request Thursday for a preliminary injunction halting any pending lawsuits in the U.S. and barring the commencement of any new suits.

Judge Burton R. Lifland of the U.S. Bankruptcy Court for the Southern District of New York agreed to issue the injunction to protect the U.S.-based assets of Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. and Bear Stearns High-Grade Structured Credit Strategies Enhanced...
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