{"id":4587,"date":"2008-03-24T18:34:48","date_gmt":"2008-03-24T18:34:48","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/03\/jp_morgan_chases_bear_stearns"},"modified":"2022-03-25T15:11:17","modified_gmt":"2022-03-25T20:11:17","slug":"jp-morgan-chases-bear-stearns","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/jp-morgan-chases-bear-stearns\/","title":{"rendered":"JP Morgan Chase\u2019s Bear Stearns Acquisition Could Make The Firm Vulnerable to Lawsuits"},"content":{"rendered":"

Following JP Morgan Chase & Co’s acquisition of Bear Stearns Companies Inc., JP Morgan Chase Chief Financial Officer Michael Cavanagh says the firm is reserving as much as $6 billion for “transaction-related costs,” including possible litigation.<\/p>\n

Class action lawsuits could come from investors regarding corporate disclosure, as well as from employees over pension plans. Any securities lawsuits targeting Bear Stearns as the plaintiff will also go to JP Morgan Chase.<\/p>\n

Lawsuits expected may include those related to the 1934 Securities Exchange Act Section 10(b) (a general antifraud provision) by investors that may feel that Bear Stearns did not disclose accurate information about the company’s health. Employees may sue if they believe that the Employee Retirement Income Security Act (ERISA) had been violated.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Following JP Morgan Chase & Co’s acquisition of Bear Stearns Companies Inc., JP Morgan Chase Chief Financial Officer Michael Cavanagh says the firm is reserving as much as $6 billion for “transaction-related costs,” including possible litigation. Class action lawsuits could come from investors regarding corporate disclosure, as well as from employees over pension plans. Any […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3807,3797],"tags":[],"class_list":["post-4587","post","type-post","status-publish","format-standard","hentry","category-bear-stearns","category-j-p-morgan-chase"],"yoast_head":"\nJP Morgan Chase\u2019s Bear Stearns Acquisition Could Make The Firm Vulnerable to Lawsuits — Investor Lawyers Blog — March 24, 2008<\/title>\n<meta name=\"description\" content=\"Following JP Morgan Chase & Co's acquisition of Bear Stearns Companies Inc., JP Morgan Chase Chief Financial Officer Michael Cavanagh says the firm is — March 24, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/jp-morgan-chases-bear-stearns\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"JP Morgan Chase\u2019s Bear Stearns Acquisition Could Make The Firm Vulnerable to Lawsuits — Investor Lawyers Blog — March 24, 2008\" \/>\n<meta name=\"twitter:description\" content=\"Following JP Morgan Chase & Co's acquisition of Bear Stearns Companies Inc., JP Morgan Chase Chief Financial Officer Michael Cavanagh says the firm is — March 24, 2008\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"JP Morgan Chase\u2019s Bear Stearns Acquisition Could Make The Firm Vulnerable to Lawsuits — Investor Lawyers Blog — March 24, 2008","description":"Following JP Morgan Chase & Co's acquisition of Bear Stearns Companies Inc., JP Morgan Chase Chief Financial Officer Michael Cavanagh says the firm is — March 24, 2008","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/jp-morgan-chases-bear-stearns\/","twitter_card":"summary_large_image","twitter_title":"JP Morgan Chase\u2019s Bear Stearns Acquisition Could Make The Firm Vulnerable to Lawsuits — Investor Lawyers Blog — March 24, 2008","twitter_description":"Following JP Morgan Chase & Co's acquisition of Bear Stearns Companies Inc., JP Morgan Chase Chief Financial Officer Michael Cavanagh says the firm is — March 24, 2008","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/jp-morgan-chases-bear-stearns\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/jp-morgan-chases-bear-stearns\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"JP Morgan Chase\u2019s Bear Stearns Acquisition Could Make The Firm Vulnerable to Lawsuits","datePublished":"2008-03-24T18:34:48+00:00","dateModified":"2022-03-25T20:11:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/jp-morgan-chases-bear-stearns\/"},"wordCount":386,"articleSection":["Bear Stearns","J P Morgan - 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