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Lawyers focus on Bear Stearns chief's words of reassurance days before collapse

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At www.ft.com

Angry shareholders and class action lawyers are focusing on comments made last week by senior Bear Stearns management, who reassured investors that the group was sound just two days before it was bailed out by a rival and the Federal Reserve. But lawyers said the range of potential legal actions against Bear Stearns was broad and encompassed issues relating to employees' losses, the group's failed hedge funds...

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At www.ft.com


 

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