New York Attorney General Eliot Spitzer and the
Earlier this month,
In addition to the subpoenas, the firm said the
As if that is not enough, a class action lawsuit has been brought up against Bear Stearns and others for market timing. Essentially, the clients who were not permitted to time the market and thus make greater short-term profits filed the suit against the companies to try and get lost money back. Eighteen others were named as co-defendants alongside Bear Stearns. In the suit, Bear Stearns is also accused of late trading.
