Bear Stearns Buyout Is Legal Minefield For JP Morgan

Law360, New York (March 17, 2008, 12:00 AM EDT) -- Though JP Morgan Chase & Co. scooped up Bear Stearns Cos. for next to nothing, the $236 million buyout means that JP Morgan is now saddled with all of the legal problems stemming from Bear Stearns' extensive subprime exposure.

JP Morgan and Bear Stearns inked the deal on Sunday. Under the agreement, JP Morgan acquired the firm for $2 a share, 90% less than its share price at this time last week and $28 less than the $30 per share price at which Bear Stearns' stock...
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