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.
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