JPMorgan Settles Bear Hedge Fund Lawsuit

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.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of