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Lawsuit filed against Bear Stearns over employee stock plan

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Amanda Lang

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A second lawsuit was filed Monday against Bear Stearns Cos. on behalf of the participants in its employee stock-ownership plan...the suit alleges that Bear Stearns and its executives breached their fiduciary duties to plan participants by allowing their retirement savings to be invested in the company's stock despite knowing such an investment was imprudent.

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At www.marketwatch.com

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OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.

Related Topic(s): Bear Sterns; Employees; Lawsuits; Lawsuits Litigation; Retirement; Stock Market- Investing; Stock Option; Stock Option; Stockmarket, Add Tags

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