Mark & Associates, P.C. Attorneys At Law

Legal Help for Bear Stearns Investors

On March 16, 2007, Bear Stearns (BSC) agreed to be acquired by JP Morgan Chase for a mere $2.00 per share. This came after an announcement on March 14, 2008 that JP Morgan Chase was part of a bail out package to keep Bear Stearns from going bankrupt. Just days before the bailout was announced, Bear Stearns executives publicly downplayed the companies troubles in an apparent fraudulent attempt to instill investor confidence.

The decline of Bear Stearns stock price and subsequent sale is one of the sharpest declines for a blue chip stock ever. On March, 12, 2008 the stock was trading at $61.58 and just four days later Bear Stearns, with apparently no other options but bankruptcy, agreed to be purchased for $2.00 per share.

The dates and closing prices below show the precipitous decline in Bear Stearns stock. But what we don't know is why shareholders in the company were kept in the dark for so long by Bear Stearns management, and why executives publicly attempted to assuage the investors when the company was crumbling behind the scenes.

Bear Stearns Steep Decline
March 12, 2008  - $61.58
March 13, 2008  - $57.00
March 14, 2008  - $30.00
March 16, 2008  - Acquired by JP Morgan Chase for $2.00

Legal Help for Bear Stearns Shareholders

Bear Stearns was one of the oldest and most respected Wall Street banks. It had been viewed as a blue chip financial stock, and was a part of the portfolios of many conservative investors. Unfortunately, it appears that Bear Stearns shareholders may have been deceived by the company, and in just a few days lost almost all of their equity.

If you are a current or former Bear Stearns shareholder, you may have valuable legal rights. Contact Mark & Associates, P.C. today to have a securities fraud attorney evaluate your case for absolutely free. To request a free case consultation, simply complete the inquiry form on this page or call 1-866-507-4448.