Bear Stearns has been ordered to pay $275 Million dollars to investors that lost money with Bear Stearns. According to a recent CNBC.com article, Bear Stearns misled their investors about the true and deteriorating state of the company before JP Morgan purchased Bear Stearns.
Bear Stearns was one of the first prominent companies to fail after the housing bubble burst. The settlement discussed in the article comes after a failed criminal trial against two higher up Bear Stearns executives.
If you or someone you know has lost money as a result of an investment, please contact Richard Frankowski at 205-747-1903 to discuss your potential legal remedies.