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KlaymanToskes is still accepting claims against Bear Stearns on behalf of investors around the world, who sustained losses in the High-Grade Structured Credit Strategies and High-Grade Structured Credit StrategiesEnhanced Leverage Funds (“the Bear Funds”). Combined, the Bear Funds had investor capital of about $1.56 billion. With this capital, and additional leverage taken out on the capital, Bear Stearns bet heavily on the market for subprime mortgages and invested in thinly traded collateralized debt obligations (“CDO”). Its gamble turned out to be wrong. As a result of the slumping U.S. housing market in 2007, the Bear Funds collapsed within a very short period of time, and investors lost about $1.9 billion.
The firm is processing claims against numerous brokerage firms due to the collapse of the CDO and credit markets. The claims primarily deal with the Auction Rate Security crisis, CDO losses in hedge funds and other institutions, and losses in bond funds which were over-concentrated in the subprime and CDO markets.