Investigation and pending class action lawsuit against Bear Stearns Co. on behalf of all persons who were participants in or beneficiaries of The Bear Stearns Cos. Inc. Employee Stock Ownership Plan (the "Plan") between December 14, 2006 and the present and whose accounts included investments in Bear Stearns common stock.
The ERISA class action complaint alleges that during the Class Period the Bear Stearns breached its fiduciary duties to Plaintiffs and the Class members by:failing to prudently and loyally manage the Plan's assets; failing to monitor fiduciaries; failing to provide complete and accurate information to the Class; and co-fiduciary liability.
Name (Stock Symbol)
Bear, Stearns & Co., Inc.
Bear, Stearns & Co., Inc. is a division of JP Morgan Chase & Co. Bear Stearns was an investment bank.
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