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Bear Stearns Tried to Save Itself, Lawsuits Coming

Bear Stearns Tried to Save Itself, Lawsuits Coming

It's Michigan vs. Massachusetts--and we're not talking about the NBA Eastern Conference Finals! Those states' pensions funds are hoping to lead a lawsuit against Bear Stearns over its fall. The Sun reports it's likely Michigan will be the lead state, since its $62 million in losses (pension fund participants were state employees like teachers, judges and cops) are bigger than Massachusetts' $21 million. more ›

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