A $275 million settlement has been reached in a nationwide shareholder lawsuit stemming from the near-collapse of the former Wall Street investment bank Bear Stearns Cos, court papers show.
The settlement resolves claims that Bear, and several officials including former Chief Executive James Cayne, misled investors about the company’s deteriorating financial health before it was acquired by JPMorgan Chase & Co.
The lead plaintiff, the State of Michigan Retirement Systems, filed settlement papers on Wednesday night with the U.S. District Court in Manhattan, and is seeking preliminary court approval of the accord.
Copyright 2026 Reuters. Click for restrictions.
Topics Claims
Was this article valuable?
Here are more articles you may enjoy.
Death of Irish Teens in Crash Prompts Social Media Warning 
Willis Towers Watson Accuses Lockton of ‘Smash and Grab’ of Construction Team 
One Battle After Another: What TPLF Victory in One State Means for Others 
Lawsuit Alleges TWIA Fraudulently Reduced Claim Estimates From Hurricane Beryl 
