|  | | 2012 News and Press Releases | | |
SETTLEMENT NEWS:
Bear Stearns' $295M Settlement With Investors Gets Nod
Eric Hornbeck
Law360 - Securities. November 9, 2012
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EXCERPT - 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. U.S. District Judge Robert W. Sweet said the settlement was fair because of the case's complexity and the risk of a "battle of the experts" trial, overwhelming support for the settlement among class members, the amount of discovery completed, the... |
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