NEW YORK — Lawyers for two former Bear, Stearns & Co. hedge fund managers charged with lying to investors about the collapse of the subprime mortgage market complained Monday that the prosecution had hampered their defense by burying them in an avalanche of nearly 9 million pages of documents.
The defense asked a federal judge in Brooklyn to order the government to tell them which of the evidence mattered.
"Discovery in this matter has left the defense looking for a needle in a haystack," lawyers for Ralph Cioffi, one of the defendants, wrote in a pretrial motion. "The government . . . has refused to provide any guidance to the defense as to what within this mountain of discovery really is at issue."