BIRMINGHAM, Ala., June 19, 2008 (PRIME NEWSWIRE) -- The Securities Law Firm of Burke, Harvey & Frankowski, LLC (www.bhflegal.com) announced today that it has begun an investigation into losses sustained in the Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master Fund Ltd. and in the Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. ("the Bear Stearns Funds"). These funds invested heavily in subprime-mortgage related securities or Collateralized Debt Obligations (CDOs) and lost approximately $1.6 billion of investor assets.
Burke, Harvey & Frankowski, LLC initiated its investigation after recent reports that former Bear Stearns hedge fund managers Ralph Cioffi and Matthew Tannin were indicted for mail fraud and conspiracy in the first prosecution stemming from a federal investigation of the mortgage-market collapse.
Richard Frankowski, a partner at Burke, Harvey & Frankowski, LLC, advises any investors that lost more than $50,000 in these funds to consider their legal options. Investors can attempt to recover losses in class actions or in individual arbitrations. While class action lawsuits have been filed against Bear Stearns, Frankowski suggests that investors think about filing individual arbitrations. "Arbitration may be a more efficient process for litigating claims against financial institutions," said Frankowski. "Class actions often take years to conclude and frequently result in settlements that pay investors less than they might achieve in arbitration."
Bear Stearns investors can get more information by visiting www.bhflegal.com. Investors can obtain a free legal consultation by contacting Richard Frankowski at 1-888-930-9091.
No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.