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Legal News

: Lawyers and Settlements

Bear Stearns: The Bear is Silenced, The Investors Buffaloed

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New York, NY: At news that JP Morgan, with an assist from the Federal Reserve had scooped up beleaguered Bear Stearns at a fire sale for $2 a share over the weekend, the financial world suddenly felt the cold wind that they had been hearing off in the distance for months. But pity the shell-shocked Bear Stearns investor, whose stock was worth $170 dollars a share or more, just a year ago.

Full post as published by Lawyers and Settlements on March 18, 2008 (boomark / email).

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