Morgan Stanley
Hong Kong | Saturday, 11 October 2008
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JPMorgan raises Bear purchase price

By JOE BEL BRUNO
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Posted 25 March 2008 @ 08:48 am HKT

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bear jpmorgan stearns

The renegotiated agreement does not eliminate the hurdles to the deal, which is still the target of shareholder lawsuits.

Marian Rosner, a senior partner at Wolf Popper LLP, whose firm was one of many that filed class action lawsuits against Bear Stearns on behalf of employees, said Monday that "selling for $2 or $10 doesn't really make a difference."

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