Bear, Stearns & Co. Inc. makes announcement.NEW YORK--(BUSINESS WIRE)--June 27, 1996--Bear, Stearns & Co. Inc. today issued the following statement in connection with a lawsuit filed by Henryk de Kwiatkowski Henryk Richard de Kwiatkowski (February 22, 1924 - March 17, 2003) was a Polish-born member of the Royal Air Force who became an aeronautical engineer and made a fortune in business in North America and who owned Calumet Farm, one of the most prestigious Thoroughbred horse breeding : Bear Stearns believes that the lawsuit filed by Henryk de Kwiatkowski is completely without merit, and was initiated by an extremely sophisticated investor who, with the benefit of hindsight, seeks to shift responsibility for his own trading decisions. Bear Stearns intends to vigorously defend the lawsuit. Bear, Stearns & Co. Inc., a leading worldwide investment banking and securities trading and brokerage firm, is the major subsidiary of The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange : BSC (Binary Synchronous Communications) See bisync. ). With approximately $7.8 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, private client services, derivatives, asset management, correspondent clearing, securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. and custody services. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the company has over 7,800 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, San Francisco and Washington, D.C.; and an international presence in Beijing, Buenos Aires, Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Hong Kong, London, Madrid, Manila, Paris, Sao Paulo, Shanghai, Singapore and Tokyo. CONTACT: The Bear Stearns Companies Inc., New York Hannah Burns, 212/272-2395 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion