Sunday, 3 May 2015
Last updated 2 days ago
Aug 19 2013 | 1:07pm ET
JPMorgan Chase has settled a lawsuit stemming from the collapse of two Bear Stearns hedge funds in 2007.
The bank, which bought Bear Stearns in 2008, reached a deal with the liquidators of the two hedge funds in June. Those liquidators, who had been seeking $1.5 billion, and JPMorgan formally asked a judge to dismiss all claims and counterclaims in the case.
The collapse of the two hedge funds, the High-Grade Structured Credit Fund and a more highly-levered sister fund, helped contribute to Bear's eventual demise. The failure cost investors some $1.6 billion.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…