{"id":6934,"date":"2007-12-27T00:00:00","date_gmt":"2007-12-27T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"bear-stearns-fund-executives-sued-over-collapse-of-two-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2007\/bear-stearns-fund-executives-sued-over-collapse-of-two-hedge-funds.html","title":{"rendered":"Bear Stearns Fund Executives Sued Over Collapse Of Two Hedge Funds"},"content":{"rendered":"<p>CNNMoney.com- A San Francisco partnership sued Bear Stearns Cos. ( BSC) Friday over the collapse of two hedge funds earlier this year that wiped out $1.6 billion in investor capital.<\/p>\n<p>  FIC LP, which is described in the lawsuit as a California limited partnership, alleged that that managers of the company&#8217;s High-Grade Structured Credit Strategies Enhanced Leverage Fund engaged in  fraud, willful misconduct, bad faith and gross negligence.<\/p>\n<p>  The Wall Street firm&#8217;s two High-Grade funds, which have filed for bankruptcy protection, imploded earlier this year as the credit markets contracted.<\/p>\n<p>  The complaint, which is seeking class-action status on behalf of investors in the High-Grade Structured Credit Strategies Enhanced Leverage Fund, was filed in federal court in Manhattan.<\/p>\n<p>  <a href=  \"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/9-0&amp;fd=R&amp;url=http:\/\/money.cnn.com\/news\/newsfeeds\/articles\/djf500\/200712211716DOWJONESDJONLINE000871_FORTUNE5.htm&amp;cid=0&amp;ei=KnxzR5TIFZOaqwOyhbjFDg\">  <strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNNMoney.com- A San Francisco partnership sued Bear Stearns Cos. ( BSC) Friday over the collapse of two hedge funds earlier this year that wiped out $1.6 billion in investor capital. FIC LP, which is described in the lawsuit as a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6934","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6934","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6934"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6934\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}