Relevant:
2009-10-02 — finalternatives.com
``U.S. District Judge Kevin Castel refused a bid to dismiss the contract and fraud claims against Bear and the hedge fund managers. BofA says Bear, Cioffi and Tannin hid the hedge funds’ losses, which led to an “enormous decline†in the value of the assets backing the securities.
BofA is seeking more than $2 billion.''
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