This document is a Statement of Answer submitted by The Bear Stearns Companies, Inc., Bear, Stearns & Co. Inc., and Bear Stearns Asset Management Inc. in response to claims made by Financial Trust Company, Inc. and The C.O.U.Q. Foundation, Inc. The claimants, associated with Jeffrey Epstein, seek to recover losses from investments in Bear Stearns hedge funds. The respondents argue that the losses were due to market conditions and not any wrongdoing on their part. They also assert that the claimants were aware of the risks involved and that COUQ lacks standing to bring claims due to an assignment of interest.
documents/EFTA00294815.pdf
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