NEW YORK AP – Lawyers for two former Bear Stearns hedge fund managers charged with lying to investors about the collapse of the subprime mortgage market complained on Monday that the government has hampered their defense by burying them in an avalanche of documents.
Petrial motions filed by both sides in federal court in Brooklyn did not detail the potential evidence against Ralph Cioffi and Matthew Tannin. But the exchange signaled that the first major white-collar case to hit Wall Street amid the housing market meltdown will be complex and contentious.
