Posted on March 25, 2008 by Alan Rutkin

Another Bear Stearns Suit

A very short class action complaint was filed in New York State Court, Kurtz v. Cayne.  Defendants, Bear Stearns and a group of its directors, are alleged to have violated duties of "Candor" and "loyalty."  See para. 34.   It will be interesting to see how the coverage questions are resolved.

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