Colling, Gilbert, Wright & Carter Securites Fraud

A June 27, 2007 Wall Street Journal article reveals the discussions surrounding the Fed's rescue plan to save Bear Stearns after the company was brought to the brink of bankruptcy by two hedge fund managers (see our June 19, 2007 Bear Stearns Blog entry).

The Bear Stearns fund managers, much like managers of the Schwab YieldPlus, Morgan Keegan Funds and the Evergreen Ultra-Short Fund, over concentrated their investments in untested and volatile subprime mortgage backed securities and then covered up the risk associated with those funds. The subsequent collapse of the credit markets has cost investors billions of dollars that they thought were invested in relatively safe, money market alternatives.

If you would like a case evaluation for losses associated with any of the funds listed above, email wyoung@thefloridafirm.com or call (866) 352-3476.