New liquidators of Cayman funds waste no time in suing Bear Stearns for $1 b

16 years ago

Topics

Keywords

Bear Steams High-Grade Structured Credit Strategies (Overseas) Ltd. Bear Steams High-Grade Structured Credit Strategies Enhanced Leverage (Overseas) Ltd. Bear Stearns Deloitte Geoffrey Varga

Matthew Tannin Ralph Cioffi Ray McGarrigal William Cleghorn

[ 4 more... ] [ top 5 ]

Just 15 days after forcibly replacing liquidators who some investors suspect may have been appointed to protect the interests of Bear Stearns itself, the new liquidators of two Cayman Islands-registered, Bear Stearns-sponsored hedge funds sued the investment bank and others for $1 billion in damages.Geoffrey Varga and William Cleghorn filed the complaint at the U. S. District Court for the Southern District of New York on April 4, 2008 in their capacity as joint voluntary liquidators of Bear Steams High-Grade Structured Credit Strategies (Overseas) Ltd. and Bear Steams High-Grade Structured Credit Strategies Enhanced Leverage (Overseas) Ltd.

- You're only seeing part of this content
  
  To view the entire article or download the document, subscribe today.
  
  - Offshore Courts: 29,000+ court cases (Bahamas, Bermuda, BVI, Cayman Islands)
  - Investigative Articles: 4,500+ in-depth articles, including fraud exposés
  - MLATs - Criminal: 1,400+ MLATs on global criminal investigations
  - Ch. 15 - Insolvencies: Monitored daily
  - Foreign Discovery: Applications for foreign discovery filed in the USA, monitored daily
  - Regulatory Actions: Global regulatory actions, fines, and bans, monitored daily
  - And More: Criminal indictments, extraditions, winding-up petitions, and more
  
  Unlimited access for less than $3/day.
  
  Cancel anytime.
  
  SUBSCRIBE
- SIGN IN
  
  Forgot your password?

BECOME A SUBSCRIBER

Daily red flags in high-value international finance

Unlimited access. No contracts. Cancel anytime.