In Re: The Bear Stearns Companies Inc. Securities, Derivative and Employee Retirement Income Security Act (ERISA) Litigation

  1. September 09, 2014

    Bear Stearns Workers With Unexercised Stock Options Get Zip

    A New York federal judge on Tuesday refused to reconsider a ruling that holders of unexercised Bear Stearns Cos. Inc. employee stock options are excluded from a $295 million settlement of sprawling securities litigation against the failed investment bank, saying the court didn't overlook controlling decisions or facts.

  2. February 05, 2014

    Bear Stearns, Deloitte Dodge Hedge Fund's $200M Fraud Suit

    A New York federal judge on Wednesday threw out a $200 million lawsuit brought against The Bear Stearns Cos. LLC and Deloitte & Touche LLP by a hedge fund that accused them of fraudulently overstating the value of Bear's mortgages and other assets leading up to its near-collapse.

  3. November 09, 2012

    Bear Stearns' $295M Settlement With Investors Gets Nod

    A New York federal judge gave his blessing Friday to a $295 million settlement in multidistrict litigation over Bear Stearns Cos. Inc.'s alleged misrepresentations about its exposure to the subprime housing market before its collapse, overruling some investors who said the settlement was far too small.

  4. September 19, 2012

    Bear Stearns Investor Group Says $275M Deal Not Enough

    A group of Bear Stearns Cos. Inc. shareholders on Wednesday pilloried the investment firm's recent $275 million settlement in multidistrict litigation over its collapse, telling a New York federal judge the deal paled in comparison to billions in investor losses.

  5. June 11, 2012

    Deloitte To Pay $20M To Exit Bear Stearns Investor Suit

    Deloitte & Touche LLP agreed Monday to pay $19.9 million to settle claims by The Bear Stearns Cos. investors who had accused the investment bank's former auditor of misleading investors about the bank's financial health in the years leading up to its collapse.

  6. June 06, 2012

    Bear Stearns Strikes $275M Deal To End Securities MDL

    The State of Michigan Retirement Systems has reached a $275 million settlement with The Bear Stearns Cos. Inc. in multidistrict securities litigation stemming from the investment giant's collapse, according to court documents filed Wednesday.

  7. March 21, 2012

    Ex-Bear Stearns Workers Land $10M Deal Over MBS Buys

    A putative class of former Bear Stearns Cos. Inc. workers on Tuesday reached a $10 million settlement with JP Morgan Chase & Co., which bought Bear Stearns in 2008, over allegations that the defunct investment bank's retirement plan invested in the mortgage-related securities that doomed the company.

  8. November 21, 2011

    Bear Stearns Settles Workers' Suit Over MBS Investments

    Bear Stearns Cos. Inc. on Thursday settled a putative class action lodged by former employees who say the failed financial services firm frittered away their pensions by keeping up the retirement plan's investments in the doomed mortgage-related securities that led to the company's downfall.

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