NEW YORK, Aug. 1, 2007 (PRIME NEWSWIRE) -- The Law Firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com) announced today that it is continuing its investigation into Bear Stearns' (NYSE:BSC) High-Grade Structured Credit Strategies Fund and High-Grade Structured Credit Strategies Enhanced Leverage Fund ("High-Grade Funds"). In response to K&T's recent statements regarding the High-Grade Funds, the firm has received numerous inquires and e-mails, as well as new information that the models of the High-Grade Funds and the exposure to sub-prime investments may have been misrepresented to investors by Bear Stearns Asset Management. K&T is also investigating the investment decisions and marketing goals of the principals and managers of the High-Grade Funds.
In addition to K&T's investigation into the High-Grade Funds, the firm is looking into Bear Stearns' Asset-Backed Securities Fund ("Asset-Backed Fund"). Recently it was reported on various online media sources that the Asset-Backed Fund is facing tremendous losses, and may be in jeopardy. It has also been reported that the Asset-Backed Fund is refusing to return investors' money.
Since K&T issued its first statement regarding the High-Grade Funds in late July, the firm has received responses from as far away as Tokyo and London. K&T anticipates filing its first arbitration claim against Bear Stearns in the near future.
K&T continues its representation of high-net worth investors throughout the world in securities litigation and arbitration matters, against major Wall Street brokerage firms for securities violations including fraud, misuse of margin, failure to supervise, unsuitability, misrepresentation and omission of material fact. If you wish to discuss this announcement or have information relevant to our securities arbitration claims, please contact Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956, or visit us on the web at http://www.nasd-law.com.