CEO James Cayne has been the chief executive officer of The Bear Stearns Cos since 2001. He is 71 years old. Follow Mr. Cayne and The Bear Stearns Cos in the news and blogs or share your own opinion about the company and its leadership.
NEW YORK (Reuters) - Two former Bear Stearns hedge fund managers were found not guilty of fraud, a decision that could make government prosecutors less likely to bring criminal charges against Wall Street executives for their role in the financial crisis. The case -- the first major prosecution arising from the meltdown of major U.S. financial institutions -- was seen as a litmus test of whether a jury, presented with evidence from emails between money managers and conference calls with... Read Full Story
Two former Bear Stearns hedge fund managers were acquitted Tuesday in New York of defrauding investors, in a setback for government attempts to punish Wall Street for the 2008 financial meltdown. Ralph Cioffi and Mathew Tannin faced 20 years in prison if found guilty of lying to clients ahead of their hedge funds' collapse in June 2007. However, a jury in Brooklyn federal court cleared the two men who said they were working for sophisticated clients and became victims of financial turmoil... Read Full Story
Two former Bear Stearns hedge fund managers were acquitted Tuesday in New York of defrauding investors, in a setback for government attempts to punish Wall Street for the 2008 financial meltdown. Ralph Cioffi and Mathew Tannin faced 20 years in prison if found guilty of lying to clients ahead of their hedge funds' collapse in June 2007. However, a jury in Brooklyn federal court cleared the two men who said they were working for sophisticated clients and became victims of financial turmoil... Read Full Story
Two former Bear Stearns hedge fund managers were acquitted Tuesday in New York of defrauding investors, in a setback for government attempts to punish Wall Street for the 2008 financial meltdown. Ralph Cioffi and Mathew Tannin faced 20 years in prison if found guilty of lying to clients ahead of their hedge funds' collapse in June 2007. However, a jury in Brooklyn federal court cleared the two men who said they were working for sophisticated clients and became victims of financial turmoil... Read Full Story
NEW YORK (Reuters) - The government's allegations of fraud against two former Bear Stearns hedge fund managers were built on "hindsight bias," including emails selected out of context, a defense lawyer told a jury in closing arguments on Friday at their trial in New York. Ralph Cioffi, 53 and Matthew Tannin, 48, have denied charges of securities fraud, wire fraud and conspiracy in a June 2008 indictment that made them the first high-profile Wall Streeters to be criminally charged in a case... Read Full Story
NEW YORK (Reuters) - Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges on Monday when a judge ruled the jury cannot see a personal email in which he wrote about his fears of a "blow up risk" for investors. Emails written by Tannin and his former boss at Bear Stearns Asset Management, Ralph Cioffi, are central to the prosecution's case against the two men -- the first high- profile Wall Streeters to be criminally charged stemming... Read Full Story
NEW YORK (Reuters) - Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges on Monday when a judge ruled the jury cannot see a personal email in which he wrote about his fears of a "blow up risk" for investors. Emails written by Tannin and his former boss at Bear Stearns Asset Management, Ralph Cioffi, are central to the prosecution's case against the two men -- the first high- profile Wall Streeters to be criminally charged stemming... Read Full Story
AP – Two Bear Stearns executives who ran hedge funds that collapsed after betting heavily on the shaky subprime mortgage market were acquitted Tuesday of lying to investors — a defeat in the government’s bid to punish fraud exposed by the financial crisis.
A jury in federal court in Brooklyn deliberated about eight hours over two days before finding Ralph Cioffi and Matthew Tannin not guilty of conspiracy and other charges in an alleged scheme that cost 300 investors about $1.6 billion and... Read Full Story
AP – Two Bear Stearns executives who ran hedge funds that collapsed after betting heavily on the shaky subprime mortgage market were acquitted Tuesday of lying to investors — a defeat in the government’s bid to punish fraud exposed by the financial crisis.
A jury in federal court in Brooklyn deliberated about eight hours over two days before finding Ralph Cioffi and Matthew Tannin not guilty of conspiracy and other charges in an alleged scheme that cost 300 investors about $1.6 billion and... Read Full Story
Altria Group Inc. said Wednesday that cost-cutting and improved results from its cigar unit led its third-quarter profit to rise 2 percent, even though it sold fewer cigarettes. The Richmond-based seller of Marlboro cigarettes, Black & Mild cigars and Copenhagen and Skoal smokeless tobacco products earned $882 million, or 42 cents per share, compared with $867 million, or 42 cents per share, a year ago. Excluding costs related to its UST LLC acquisition and other items, profit was 48 cents... Read Full Story
