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

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note