Bear Hit With Legal Claim

  • 02 Aug 2007
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Lawyers have filed a legal claim against Bear Stearns and Bear Stearns Asset Management contending the firms misled investors in Bear Stearns hedge funds about the funds' exposure to subprime risk, reports Reuters. Arbitration was filed Wednesday morning by Jacob Zamansky of Zamansky & Associates and Ross Intelisano of Rich & Intelisano on behalf of a 73-year-old retired insurance salesman who lost $500,000, according to the man’s lawyers. Zamansky said that his firm has been contacted by a number of investors in the funds and that more claims will likely come to arbitration. “We expect to file claims in excess of $100 million in losses,” he said.

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  • 02 Aug 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 82,367.33 238 12.89%
2 Bank of America Merrill Lynch 71,317.58 219 11.16%
3 Wells Fargo Securities 62,984.09 198 9.86%
4 JPMorgan 45,920.23 145 7.19%
5 Credit Suisse 37,235.50 114 5.83%