WASHINGTON (Bloomberg) - Bear Stearns Cos. clients hit with about $62 million in losses tied to the June collapse of two hedge funds began filing claims this week, accusing the bank of deception and other misconduct, plaintiffs' lawyers said.

At least 11 institutional and retail investors will file arbitration cases with the Financial Industry Regulatory Authority, said Steven Caruso, one of a group of attorneys handling the claims. One was filed this week by a Cayman Islands investment manager seeking $1 million in damages, according to a copy of the complaint, which did not identify the plaintiff.

Russell Sherman, a spokesman for New York-based Bear Stearns, said he could not comment on the case because he had not seen the claims.