Bear Stearns Workers with Unexercised Stock Options Get Zip

September 9, 2014

James W. Johnson commends the court’s decision to continue with the allocation plan of the remaining Bear Stearns settlement

Judge Robert W. Sweet denied a former Bear Stearns employee’s motion to reconsider a ruling that holders of unexercised Bear Stearns Cos. Inc. employee stock options are excluded from the $295 million settlement against the failed investment bank. The settlement class opposed this motion.

James W. Johnson of Labaton Sucharow LLP, representing the settlement class, said that they are "very pleased with the court's decision."