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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.