SOURCE: Frank R. Schirripa, Attorney-at-Law

November 12, 2008 18:02 ET

Frank R. Schirripa, Attorney-at-Law: Lawsuit Filed Against Bear Stearns Mortgage Funding Trust 2006-1 and Others

NEW YORK, NY--(Marketwire - November 12, 2008) - A lawsuit is pending in the United States District Court for the Southern District of New York, Docket No. 08-CV-8093. The lawsuit was filed on behalf of all purchasers of Bear Stearns Mortgage Loan Pass-Through Certificates issued pursuant to a Registration Statement filed with the Securities and Exchange Commission ("Certificates"). The case was filed against Bear Stearns Mortgage Funding Trust 2006-AR1; Structured Asset Mortgage Investments II, Inc.; certain individual defendants; and the underwriters of the Certificate Offerings. The lawsuit asserts claims under sections 11, 12 and 15 of the Securities Act of 1933. The complaint alleges that defendants made material misstatements and omissions in connection with the offering including regarding the collateral underlying the Certificates. If you purchased Certificates pursuant or traceable to a misleading Registration Statement, you may file a motion before the court no later than sixty (60) days from today to be appointed to lead the case on behalf of all eligible purchasers. If you have any questions concerning this matter, please contact plaintiff's counsel, Frank Schirripa, at (212) 964-0046.

Contact Information

  • Contact:
    Frank Schirripa
    (212) 964-0046