(Updates with background, information on lawsuit.) Bear Stearns Cos. on Monday filed its delayed first-quarter report, disclosing earnings of 86 cents a share and reporting that it had received a Wells Notice from the Securities and Exchange Commission and information demands from the Federal Trade Commission. The SEC is investigating possible anti-competitive bidding practices in the municipal derivatives industry, and the FTC is looking into the servicing practices of Bear Stearns’ EMC Mortgage Corp.

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