Scott Meyers, head of the Litigation Practice Group at Levenfeld Pearlstein, was quoted in a front page article in The Wall Street Journal, appeared live on Bloomberg Television and National Public Radio, regarding the indictment and arrest of two former Bear Sterns fund managers.

The indictments, which cite multiple counts of securities-fraud, wire-fraud and mail-fraud related to fund woes which costs investors roughly $1.6 billion, are expected to cite personal emails between the fund managers suggesting that the funds were in serious trouble.

The emails were sent just days before the managers made comments to investors that there was little to worry about with the funds. Scott was quoted by the journal as saying that prosecutors generally bring their strongest cases first, and as such, he expects that the cases against the fund managers will appear very strong on paper.

Scott’s appearance on Bloomberg was actually concurrent with the press conference announcing the arrest of the fund managers. He was asked throughout the press conference to analyze and interpret the commentary from law enforcement officials. In general, his comments to Bloomberg were that today's developments reflect a broad effort by the government to reinvigorate investor confidence in the credit markets. While the government will present this as a simple case of securities fraud, the defendants can be expected to attempt to convince the jury that it is actually an extremely complex case and that it is not as clear cut as the government would have it believe.

You can view the Wall Street Journal article online by clicking here - Subscription required.

For the NPR clip, please click here

If you would like to view the Bloomberg Television clip click here

If you have further questions or comments, please feel free to contact Scott Meyers at 312.476.7576 or smeyers@lplegal.com