03/28/2008 02:45 am ET | Updated May 25, 2011

Bear Stearns Sued Over Hedge Fund Collapse

Barclays Bank Plc (BARC.L) on Wednesday accused Bear Stearns Co Inc (BSC.N) of using two hedge funds that collapsed last summer as places to unload troubled assets.

The London-based bank's allegations appear in a lawsuit filed in U.S. Court for the Southern District of New York in Manhattan.

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