Financial Trust Company, Inc. filed a lawsuit against The Bear Stearns Companies Inc. for fraudulent and negligent misrepresentation regarding the financial condition and asset valuation of Bear Stearns, which led to significant financial losses for Financial Trust. The complaint alleges that Bear Stearns misled Financial Trust about its liquidity, capital reserves, and risk management, causing Financial Trust to retain shares that lost value drastically.
documents/EFTA00722107.pdf
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