Financial Trust Company, Inc. filed a lawsuit against The Bear Stearns Companies Inc. alleging fraudulent and negligent misrepresentation regarding Bear Stearns' financial condition, leading to significant financial losses for Financial Trust. The complaint details how Bear Stearns allegedly overstated the value of its assets and liquidity, inducing Financial Trust to retain its shares until Bear Stearns' collapse.
documents/EFTA00729583.pdf
{}