The collapse of Bear Stearns last month may not have the notoriety of corporate implosions like Enron, WorldCom, or Arthur Andersen. Still, the consequences of the investment bank’s fall could be just as far-reaching.
One thing is certain: Bear Stearns’ demise will not be the lone symbol of the sub-prime age, but merely the beginning of hundreds of other sub-prime-related lawsuits rapidly coming down the road.
Jeff Nielsen, director of risk management services at Navigant Consultants, says the inevitable litigation will be based on the outcome of pending regulatory investigations, the continued deterioration... To get the full story, subscribe now.
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