Navigator Capital Partners, LP v. Bear Stearns Asset Management (S.D.N.Y.)

Institutional investors have turned to E&C to develop and pursue asset recovery strategies in connection with the mismanagement of subprime mortgage-related investments by financial institutions and asset managers. E&C currently represents Navigator Capital Partners, L.P. in a class action brought on behalf of investors in a defunct hedge fund managed by Bear Stearns, and on behalf of the fund itself. The case seeks recovery for Bear Stearns’ inadequate efforts to minimize the fund’s high risk investments in subprime mortgage-related instruments, and the failure to disclose this mismanagement to investors.