VERDICT: NOT GUILTY Were they simply lousy money managers, or did they lie to clients? A federal jury in Brooklyn apparently decided on the former, acquitting on Nov. 10 two former Bear Stearns hedge fund managers, Ralph Cioffi and Matthew Tannin, of securities fraud. Many viewed the trial as a ...

WASHINGTON (Reuters) - A top U.S. Justice Department official said on Thursday the acquittal of two former Bear Stearns hedge fund managers on fraud charges was not a setback to pursuing such cases and that prosecutors would continue to do so. "When the laws and the facts dictate that we ...