Former Bear Stearns Lawyer to Testify As Securities Expert Witness

Bear Stearns former lawyer Raymond Aronson is to testify as a securities expert witness against Bear Stearns. The bank Keefe, Bruyette & Woods is suing Bear over allegedly overpriced bonds Bear hedge funds sold nearly three years ago. Keefe hired Aronson, who is currently with Sutter Securities Group, Inc., to testify as an expert witness on legal and industry practices related to prime brokerage and clearing transactions in the pending arbitration case. Aronson worked 29 years for Bears Stearns until 2004.

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