Bear Stearns Workers with Unexercised Stock Options Get Zip

Law360
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."