Judge Tosses Bear Shareholder Suit

08 Dec 2008

A New York trial judge has tossed lawsuits by Bear Stearns shareholders charging that the firm’s directors sold Bear to JPMorgan Chase for too little.

A New York trial judge has tossed lawsuits by Bear Stearns shareholders charging that the firm’s directors sold Bear to JPMorgan Chase for too little. Justice Herman Cahn, in dismissing the actions, said Bear directors, in accordance with the business judgment rule, were protected from being sued as ...

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