Ten Murders by ten different people equals ten murderers... The "they did it too defense" has no place in Wall Street securities fraud litigation.

What is the impact of the fate of Lehman Brothers, Wachovia, Wamu, and AIG on Bear Stearns lawsuits?  None.

Here is the Sherman Law Firm's response to a  dozen or so questions we recently fielded from clients who are former Bear Stearns employees.  These clients asked what the impact might be on their lawsuits from the recent bank collapses, near collapses, forced sales, etc. - much of which has resulted from large subprime mortgage-related losses.  Some of these banks had, just like Bear Stearns - put far too many eggs in the mortgage-backed securities basket.  Other banks - also like Bear - suffered huge losses in subprime lending.  And (this one is the key point), it is clear that other financial institutions committed the same or very similar types of securities fraud as Bear Stearns. The reason? The oldest reason on Wall Street - the temptation of fast, easy money.   Even if a hundred brokerage firms went under from subprime lending or overindulgence in subprime securities,  Bear Stearns still remains liable to its former shareholders for massive securities frauds Bear Stearns committed in 2007 and 2008.