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Emails, Wall Street crisis key in Bear Stearns trial (Reuters)

This is a discussion on Emails, Wall Street crisis key in Bear Stearns trial (Reuters) within the Credit Cards, Banking, Securities forum, part of the Other Business & Finance Law Issues category; Reuters - When two former Bear Stearns hedge fund managers go on trial on Tuesday on charges they misled investors ...

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Old Oct 12th, 2009, 05:00 AM   #1
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Default Emails, Wall Street crisis key in Bear Stearns trial (Reuters)
Reuters - When two former Bear Stearns hedge fund managers go on trial on Tuesday on charges they misled investors over risky securities, their attorneys may have to fight a perception that Wall Street is in the dock over the financial crisis.

Big money managers Ralph Cioffi and Matthew Tannin are the first Wall Streeters from a listed company that was bailed out by the government in 2008 to be criminally charged. The bailout paved the way for JPMorgan Chase & Co to take over Bear Stearns.

The indictment neither charges the pair of causing the company's demise nor contributing to the financial crisis, but defense lawyers will be keen to weed out potential jurors who may harbor such biases.

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Employees leave the Bear Stearns company headquarters in New York May 29, 2008. REUTERS/Brendan McDermid
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