Bear Stearns: Let the Lawsuits Begin!

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Market Movers

by Ryan Avent

Main

Whither Wall Street's Most Powerful ... JP Morgan-Bear Stearns: Good News fo...

Mar 17 2008 2:25PM EDT

That was quick. This morning Paul Kedrosky found some Google ads by lawyers wanting to represent Bear Stearns shareholders; by this afternoon, BearStearnsInvestors.com is up and running. There doesn't seem to be much hard information there about grounds for any lawsuit, but the web page certainly looks pretty.

Alea has advice for lawyers interested in this case:

Current increase in [JPM's] market cap after the Bear deal: around $11 billion
I will add that this number happens to be very close to Bear Stearns book value.

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