Yahoo! Finance
06-20-2008, 12:00 PM
<b>Yahoo! Finance: Mutual Fund News</b>
NEW YORK----On June 2, 2008, Wolf Haldenstein Adler Freeman & Herz LLP filed a class action lawsuit in the United States District Court, Southern District of New York, on behalf of all current and former employees of The Bear Stearns Companies, Inc. [NYSE:BSC] whose compensation, in part, was in the form of restricted stock units and/or capital accumulation plan units , issued to the current and former Bear Stearns employees pursuant to the Company's Restricted Stock Unit Plan and Capital Accumulation Plan , and whose rights to either Restricted Stock Units and/or CAP Units were vested, thus providing them a present entitlement to be paid and/or credited an equivalent number of shares of Bear Stearns common stock upon settlement at the end of a deferral period between December 14, 2006 and March 14, 2008, inclusive , against the Company and certain officers and directors, alleging fraud pursuant to pursuant to Sections 10 and 20 of the Exchange Act [15 U.S.C. 78j and 78t] and Rule 10b-5 promulgated thereunder by the SEC [17 C.F.R. 240.10b-5] .
complete story here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/bw/080620/20080620005502.html?.v=1)
NEW YORK----On June 2, 2008, Wolf Haldenstein Adler Freeman & Herz LLP filed a class action lawsuit in the United States District Court, Southern District of New York, on behalf of all current and former employees of The Bear Stearns Companies, Inc. [NYSE:BSC] whose compensation, in part, was in the form of restricted stock units and/or capital accumulation plan units , issued to the current and former Bear Stearns employees pursuant to the Company's Restricted Stock Unit Plan and Capital Accumulation Plan , and whose rights to either Restricted Stock Units and/or CAP Units were vested, thus providing them a present entitlement to be paid and/or credited an equivalent number of shares of Bear Stearns common stock upon settlement at the end of a deferral period between December 14, 2006 and March 14, 2008, inclusive , against the Company and certain officers and directors, alleging fraud pursuant to pursuant to Sections 10 and 20 of the Exchange Act [15 U.S.C. 78j and 78t] and Rule 10b-5 promulgated thereunder by the SEC [17 C.F.R. 240.10b-5] .
complete story here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/bw/080620/20080620005502.html?.v=1)