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Lawyers are predicting that JPMorgan Chase & Co.'s stock-for-stock buyout of The Bear Stearns Companies Inc. at the bargain-basement price of about $2 a share is likely to generate a wave of lawsuits against Bear Stearns by shareholders and employees. Anytime a company's stock price drops precipitously creative plaintiffs lawyers will develop a theory of liability, said Ivan B. Knauer, a Washington, D.C.-based partner in the commercial litigation practice group of Philadelphia's Pepper Hamilton.
March 24, 2008 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
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