On January 19th, the Southern District Court for New York addressed motions to dismiss securities, derivative and ERISA claims stemming from the collapse of Bear Stearns. In a 398 page opinion, the Court denied the motion to dismiss plaintiffs' securities fraud allegations against Bear Stearns, its executives and its accountants, but granted the motion to dismiss the derivative and ERISA claims. In re Bear Stearns Companies, Inc. Securities, Derivative, and ERISA Litigation.