Bankrupt Bear Stearns Funds Win Stay

Law360, New York (September 25, 2007, 12:00 AM EDT) -- Two failed Bear Stearns Cos. hedge funds got a little more breathing room on Wednesday, after a bankruptcy court judge agreed to stay an earlier ruling that had blocked their bid for Chapter 15 bankruptcy protection.

Judge Burton R. Lifland of the U.S. Bankruptcy Court for the Southern District of New York signed off on the order on Wednesday, putting his Aug. 30 decision on the shelf pending an appeal by the hedge funds. The stay will keep the hedge funds' creditors at bay for now....
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