{"id":37821,"date":"2013-09-05T09:31:32","date_gmt":"2013-09-05T13:31:32","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=37821"},"modified":"2013-09-05T09:31:32","modified_gmt":"2013-09-05T13:31:32","slug":"bofa-hedge-fund-suit-against-bear-stearns-dismissed","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2013\/bofa-hedge-fund-suit-against-bear-stearns-dismissed.html","title":{"rendered":"BofA Hedge Fund Suit Against Bear Stearns Dismissed"},"content":{"rendered":"<p>law 360 &#8211; A New York federal judge dismissed a lawsuit accusing two former Bear Stearns Cos. hedge fund managers of deceiving Bank of America NA into entering into a costly, failed transaction, ruling Tuesday that the bank couldn&#8217;t prove proximate cause due to inadmissible expert testimony.<\/p>\n<p>U.S. District Judge Alison J. Nathan decided that financial economist Dr. Mukesh Bajaj&#8217;s testimony, upon which Bank of America relied to prove its fraud and breach of fiduciary claims, couldn&#8217;t be admitted because his methodology was unreliable.<\/p>\n<p><a href=\"http:\/\/www.law360.com\/banking\/articles\/469733\/bofa-hedge-fund-suit-against-bear-stearns-dismissed\"><strong>Read Complete Article<\/strong><\/a> (subscription required)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>law 360 &#8211; A New York federal judge dismissed a lawsuit accusing two former Bear Stearns Cos. hedge fund managers of deceiving Bank of America NA into entering into a costly, failed transaction, ruling Tuesday that the bank couldn&#8217;t prove [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-37821","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=37821"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37821\/revisions"}],"predecessor-version":[{"id":37822,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37821\/revisions\/37822"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=37821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=37821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=37821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}