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Legal News

: Lawyers and Settlements

Mutual Fund Losses Could Be Massive

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New York, NY: Under most circumstances, the sale of a portion of a business for $3 billion would be considered an enormous sum—unless, of course, you are talking about the sale of Neuberger Berman. That's because Neuberger Berman's value was previously estimated at somewhere between $7 billion and $13 billion, depending on who you talked to. So, a sale for $3 billion is a bargain basement price, and that leaves people with Neuberger mutual funds at risk for huge losses.

Full post as published by Lawyers and Settlements on November 03, 2008 (boomark / email).

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