2007-06-22wsj.com

"Now, the meltdown of Mr. Cioffi's hedge funds on the back of losses tied to bets on the subprime-mortgage market have turned the fund manager and Bear Stearns into a big liability for Everquest. Everquest has decided it will no longer go ahead with the planned public offering, according to people familiar with the matter. Bear Stearns declined to comment."



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