Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit Involving Mortgage Pass-Through Certificates of Structured Asset Mortgage Investments II and The Bear Stearns Companies Inc.

SAN DIEGO--(Business Wire)--
Coughlin Stoia Geller Rudman & Robbins LLP ("Coughlin Stoia")
(http://www.csgrr.com/cases/bearstearnsmortgage/) today announced that a class
action has been commenced on behalf of an institutional investor in the United
States District Court for the Southern District of New York on behalf of all
persons or entities who acquired the Mortgage Pass-Through Certificates
("Certificates") of Structured Asset Mortgage Investments II Inc. ("Structured
Asset" or the "Depositor") pursuant and/or traceable to a false and misleading
Registration Statement and Prospectus Supplements issued between March 2006 and
April 2007 by Structured Asset (collectively, the "Registration Statement"). The
class includes purchasers of Certificates in the following trusts (the
"Issuers"):

Bear Stearns Alt-A Trust 2006-6 Bear Stearns ARM Trust 2006-4
Bear Stearns Mortgage Funding Trust 2006-AR2 Structured Asset Mortgage Investments II Trust 2006-AR7
Structured Asset Mortgage Investments II Trust 2006-AR6 Bear Stearns Alt-A Trust 2006-5
Bear Stearns Mortgage Funding Trust 2006-AR5 Bear Stearns Alt-A Trust 2006-8
Bear Stearns Mortgage Funding Trust 2006-AR4 Structured Asset Mortgage Investments II Trust 2006-AR8
Bear Stearns Mortgage Funding Trust 2006-AR3 Bear Stearns Alt-A Trust 2006-7
Bear Stearns Alt-A Trust 2007-1 Bear Stearns Mortgage Funding Trust 2007-AR1
Bear Stearns ARM Trust 2007-3 Bear Stearns Mortgage Funding Trust 2007-AR3
Bear Stearns ARM Trust 2007-1 Structured Asset Mortgage Investments II Trust 2007-AR1
Structured Asset Mortgage Investments II Trust 2007-AR2

If you wish to serve as lead plaintiff, you must move the Court no later than 60
days from today. If you wish to discuss this action or have any questions
concerning this notice or your rights or interests, please contact plaintiff`s
counsel, Darren Robbins of Coughlin Stoia at 800/449-4900 or 619/231-1058, or
via e-mail at djr@csgrr.com. If you are a member of this class, you can view a
copy of the complaint as filed or join this class action online at
http://www.csgrr.com/cases/bearstearnsmortgage/. Any member of the putative
class may move the Court to serve as lead plaintiff through counsel of their
choice, or may choose to do nothing and remain an absent class member.

The complaint charges Structured Asset, certain of its officers and directors,
The Bear Stearns Companies Inc. ("BSC"), and the Issuers and underwriters of the
Certificates with violations of the Securities Exchange Act of 1933. Structured
Asset was organized for the purpose of serving as a private secondary mortgage
market conduit and is a wholly owned subsidiary of BSC, the parent company of
Bear Stearns & Co. Inc., the underwriter of the offerings of the Certificates.

The complaint alleges that on March 6, 2006, Structured Asset and the Issuers
caused a Registration Statement to be filed with the Securities and Exchange
Commission ("SEC") in connection with the issuance of the Certificates. The
Certificates were issued pursuant to Prospectus Supplements, each of which was
incorporated into the Registration Statement. The Certificates were supported by
large pools of mortgage loans. The Registration Statement represented that the
mortgage pools would primarily consist of loan groups generally secured by first
liens on residential properties, including conventional, adjustable rate and
negative amortization mortgage loans.

According to the complaint, the Registration Statement included false statements
and/or omissions about: (i) the underwriting standards purportedly used in
connection with the origination of the underlying mortgage loans; (ii) the
maximum loan-to-value ratios used to qualify borrowers; (iii) the appraisals of
properties underlying the mortgage loans; and (iv) the debt-to-income ratios
permitted on the loans. As a result of these misstatements and omissions, the
Certificates were secured by assets that had a much greater risk profile than
represented in the Registration Statement, and defendants offered superior
credit ratings on the Certificates as a result of defendants` failure to
disclose the underwriting defects and appraisal manipulations. However, by late
2008, the amount of uncollectible mortgage loans securing the Certificates began
to be revealed to the public and the rating agencies began to put negative watch
labels on many Certificate classes, ultimately downgrading many. The delinquency
and foreclosure rates of the mortgage loans securing the Certificates has grown
both faster and in greater quantity than what would be expected for mortgage
loans of the types described in the Prospectus Supplements. As a result, the
Certificates are no longer marketable at prices anywhere near the price paid by
plaintiff and the Class.

Plaintiff seeks to recover damages on behalf of all purchasers of Certificates
pursuant and/or traceable to the Registration Statement (the "Class"). The
plaintiff is represented by Coughlin Stoia, which has expertise in prosecuting
investor class actions and extensive experience in actions involving financial
fraud.

Coughlin Stoia, a 190-lawyer firm with offices in San Diego, San Francisco, Los
Angeles, New York, Boca Raton, Washington, D.C., Philadelphia and Atlanta, is
active in major litigations pending in federal and state courts throughout the
United States and has taken a leading role in many important actions on behalf
of defrauded investors, consumers, and companies, as well as victims of human
rights violations. The Coughlin Stoia Web site (http://www.csgrr.com) has more
information about the firm.

Coughlin Stoia Geller Rudman & Robbins LLP
Darren Robbins, 800-449-4900 or 619-231-1058
djr@csgrr.com

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