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Trial Ordered In Bear Stearns' $160M Spat With Fund

Law360 (December 17, 2007, 12:00 AM EST) -- Investment bank Bear Stearns Securities Corp. has won the latest round in its fight to avoid paying $160 million to the estate of bankrupt firm Manhattan Investment Fund, after a district court judge partially overturned a bankruptcy court decision that found Bear Stearns failed to adequately monitor illegal money transfers made before the fund's collapse.

In a ruling handed down on Monday, Judge Naomi Buchwald of the U.S. District Court for the Southern District of New York overturned in part a ruling by Judge Burton Lifland...
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