Bear Stearns ESOP Under Scrutiny By Plaintiffs Firms

Law360, New York (March 18, 2008, 12:00 AM EDT) -- Just days after Bear Stearns Cos. was sold off to JP Morgan Chase & Co. at a fraction of its former value, a growing number of plaintiffs attorneys are questioning whether Bear Stearns failed to adequately protect the value of its employees' retirement savings.

Many of the firms said this week they are looking into possible Employee Retirement Income Security Act violations relating to the employee stock ownership plan, or ESOP, a common retirement plan in which company stock is contributed to the plan for the...
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