- (Reuters) - A $275 million settlement has been reached in a nationwide shareholder lawsuit stemming from the near-collapse in 2008 of Wall Street investment bank Bear Stearns Cos. (Reuters)
- Investor lawsuits were hardly a surprise after the collapse of Bear Stearns in 2008. Its shares dropped off a cliff during the year preceding March 14, 2008. On its deathbed, Bear Stearns was snapped up by J.P. Morgan Chase at a deep discount. (Forbes)
- June 7 (Bloomberg) -- JPMorgan Chase Co.s Bear Stearns unit agreed to a proposed $275 million cash settlement of a consolidated federal lawsuit filed by investors who lost money from 2006 to 2008. (San Francisco Gate)
- covering all those investors who had Bear Stearns' common share and call options, as well as the sellers of Bear put options from December 14, 2006 till March 14, 2008. (Yahoo Finance)
- A year after filing the charges, in November 2008, the Massachusetts Securities Division reached a $9.3 million settlement with Bear Stearns Asset Management. By then BSAM was owned by JPMorgan Chase Co. (Law.com)
- Deloitte Touche agreed to pay $19.9 million to settle claims by investors who lost money in the stock of JPMorgan Chase Co. (JPM)'s Bear Stearns unit from 2006 to 2008. (Bloomberg)
- Chase famously bought Bear Stearns for $2 per share during the height of the financial crisis. This is good news for Michigan taxpayers, Schuette said in a statement. (Housing Wire)
Friday, June 22, 2012
Bear stearns settlement
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