Barclays v Bear Stearns (December 2007)
Barclays is pursuing legal action against Bear Stearns after it lost $400 million when a hedge fund it had invested in slumped in value. Barclays alleges that Bear Stearns used the fund as "a place to unload excessively risky or troubled assets that could not be sold to other investors" and that it deliberately concealed the fund's losses.
Barclays is receiving advice from Linklaters.
Class actions against Merrill Lynch, UBS and Citigroup
Coughlin Stoia Geller Rudman & Robbins, a class action specialist, is preparing the...