Bear Stearns, Deloitte Dodge Hedge Fund's $200M Fraud Suit

Law360, Los Angeles (February 5, 2014, 10:15 PM EST) -- A New York federal judge on Wednesday threw out a $200 million lawsuit brought against The Bear Stearns Cos. LLC and Deloitte & Touche LLP by a hedge fund that accused them of fraudulently overstating the value of Bear’s mortgages and other assets leading up to its near-collapse.

In the wake of Bear’s near-collapse in mid-March 2008, a number of securities fraud putative class actions were filed against the defendants and ultimately consolidated into a class action that was settled for $295 million in 2012. U.S....
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