Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Thursday, June 7, 2012

Former Bear Execs Settle Shareholder Suit for $275 Million

Former Bear Stearns executives have agreed to settle For $275 million a shareholder suit brought by the State of Michigan Retirement Systems.  Plaintiff charged the exectives with misleading investors about the firm's financial condition prior to its2008 collapse.  Defendants include two former CEOs -- James E. Cayne and Alan D. Schwartz.

WSJ, Bear Stearns Ex-Executives Agree to Settle Shareholder Suit for $275 Million

http://lawprofessors.typepad.com/securities/2012/06/former-bear-execs-settle-shareholder-suit-for-275-million.html

News Stories | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef01761521d281970c

Listed below are links to weblogs that reference Former Bear Execs Settle Shareholder Suit for $275 Million:

Comments

Post a comment