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ERIC Number: EJ822520
Record Type: Journal
Publication Date: 2008-Nov-28
Pages: 1
Abstractor: ERIC
Reference Count: 0
ISSN: ISSN-0009-5982
As Endowment Values Plummet, Some Institutions Consider Suing Brokers
Masterson, Kathryn
Chronicle of Higher Education, v55 n14 pA17 Nov 2008
This article reports that as many as five colleges or charitable foundations whose endowments have suffered significant investment losses or were unable to access money in their accounts in recent months are considering legal action against their brokers or investment managers, alleging misrepresentation of risk or mismanagement. Jacob H. Zamansky, who is leading the first of several lawsuits against the failed investment bank Bear Stearns, says the colleges and foundations have contacted him about making claims that brokers recommended investments unsuitable for endowments or misled them about the stability of certain investments.
Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail:; Web site:
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A