http://blogs.reuters.com/reuters-dealzone/2008/03/24/more-than-the-bear-minimum/ Behind the deals and deal-makers Sun, 7 Sep 2008 01:43:35 +0000 http://wordpress.org/?v=2.3.3 http://blogs.reuters.com/reuters-dealzone/2008/03/24/more-than-the-bear-minimum/#comment-333639 NewsVisual Wed, 26 Mar 2008 20:57:07 +0000 http://blogs.reuters.com/reuters-dealzone/2008/03/24/more-than-the-bear-minimum/#comment-333639 Now that JPMorgan Chase & Co has apparently clinched the buyout deal of The Bear Stearns Companies Inc by raising its bid price, the next hurdle that JPMorgan’s Board of Directors will be confronted with are shareholder lawsuits. These lawsuits are almost inevitable. "Sure enough, on Tuesday, the Wayne County Employees’ Retirement System of Michigan and the Police and Fire Retirement System of the City of Detroit sued Bear, its directors and JPMorgan Chase," The New York Times reported in an online article on Wednesday. The Bank’s Directors will have to advise the Senior Executives on whether to settle the suits or to allow them to be resolved in court. To reach sound judgments on these issues, the Directors will need to draw off of their knowledge business and their experience of similar shareholders lawsuits. Now that JPMorgan Chase & Co has apparently clinched the buyout deal of The Bear Stearns Companies Inc by raising its bid price, the next hurdle that JPMorgan’s Board of Directors will be confronted with are shareholder lawsuits. These lawsuits are almost inevitable. “Sure enough, on Tuesday, the Wayne County Employees’ Retirement System of Michigan and the Police and Fire Retirement System of the City of Detroit sued Bear, its directors and JPMorgan Chase,” The New York Times reported in an online article on Wednesday. The Bank’s Directors will have to advise the Senior Executives on whether to settle the suits or to allow them to be resolved in court. To reach sound judgments on these issues, the Directors will need to draw off of their knowledge business and their experience of similar shareholders lawsuits.

]]> http://blogs.reuters.com/reuters-dealzone/2008/03/24/more-than-the-bear-minimum/#comment-333601 Deal Journal - WSJ.com : Afternoon Reading: Bear Gets a Bump Mon, 24 Mar 2008 18:42:25 +0000 http://blogs.reuters.com/reuters-dealzone/2008/03/24/more-than-the-bear-minimum/#comment-333601 [...] to $10 a share. It seems all those investors who bought Bear shares above J.P. Morgan’s offer weren’t so foolish after [...] […] to $10 a share. It seems all those investors who bought Bear shares above J.P. Morgan’s offer weren’t so foolish after […]

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