Ex-Bear Stearns manager wins email ruling

Reuters – Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges on Monday when a judge ruled the jury cannot see a personal email in which he wrote about his fears of a “blow up risk” for investors.

Emails written by Tannin and his former boss at Bear Stearns Asset Management, Ralph Cioffi, are central to the prosecution’s case against the two men — the first high- profile Wall Streeters to be criminally charged stemming from problems with subprime mortgages and overall liquidity.

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