SOURCE: Klayman & Toskes, P.A.

June 19, 2008 12:18 ET

Notice to All Investors of Bear Stearns' High-Grade Structured Credit Strategies Hedge Funds From the Law Firm of Klayman & Toskes

NEW YORK, NY--(Marketwire - June 19, 2008) - The Securities Law Firm of Klayman & Toskes, P.A. (http://www.nasd-law.com) announced today that investors who lost money in Bear Stearns' High-Grade Structured Credit Strategies and High-Grade Structured Credit Strategies Enhanced Leverage Funds ("the Bear Funds") should consider all of their legal options. Klayman & Toskes is continuing to investigate claims on behalf of investors who sustained losses in the Bear Funds following the arrest of former Bear Stearns managers Ralph Cioffi and Matthew Tannin. Bear Stearns is now a part of JP Morgan Chase & Co. (NYSE: JPM).

Reportedly, just days before the two told investors they were comfortable with their holdings, Tannin sent Cioffi an e-mail suggesting that their funds were potentially in trouble. Allegedly, Tannin told Cioffi that he was concerned that the market for securities in which the Bear Funds were invested was "toast." According to Attorney Lawrence L. Klayman, senior partner at Klayman & Toskes, "This case is no different than the research analyst scandals that plagued Wall Street, which resulted in a settlement of $1.4 billion in 2003. In those cases, the analysts' private opinions were at odds with the opinions that they were distributing to the investing public."

Klayman & Toskes will be continuing to pursue claims on behalf of investors who have suffered losses as a result of the credit crisis and subprime fallout. Investors who lost money in the Bear Funds and who wish to inquire about the class action, Case No. 2007cv07783, should contact Klayman & Toskes to discuss all of their legal options.

Klayman & Toskes, an experienced, qualified and nationally recognized securities litigation law firm, continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms. If you wish to discuss this announcement or have information relevant to our claims, please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956, or visit us on the web at http://www.nasd-law.com.

Contact Information

  • Contact:
    Steven D. Toskes, Esquire
    Jahan K. Manasseh, Esquire
    Klayman & Toskes, P.A.
    888-997-9956
    http://www.nasd-law.com