The Deal
Sunday, July 5, 
12:37 am

Bear Stearns lawsuits: Who are these guys anyway?

  Share     E-Mail    Discussion    Print Story

The pension funds seeking a temporary restraining order to delay an acquisition of Bear Stearns Cos. by J.P. Morgan & Chase Co. are no strangers to the Delaware court system. Wayne County Employees Retirement System and The Police and Fire Retirement System of the City of Detroit, while innocently named, are activist shareholders and recently have been involved in shareholder lawsuits concerning the Yahoo! Inc.-Microsoft Corp. deal and Activision Inc.-Blizzard Entertainment just to name a few.

Continue reading below

Also on Dealscape

According to its Web site, Wayne County Employees' Retirement System provides retirement and benefits for 10,000 Wayne County public employees while The Police and Fire Retirement System of the City of Detroit is two systems that administer pension to police and fire employees -- naturally.

Both shareholders sued Yahoo! to consider takeover offers from Microsoft. The Wayne County Employees' Retirement System sued Activision over the recent merger with Vivendi's Blizzard for putting its investors in an "unfavorable minority position". - Maria Woehr




Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: SecondMarket's Silbert on helping VCs achieve pre-IPO liquidity for their investments.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Potential FBAR filing changes

Offshore hedge funds and private equity funds may be 'financial accounts' for which investors must file FBAR.


Industry Insight

Finger on the pulse

Things PE investors should keep in mind to maintain the support and commitment from their lenders and limited partners.


Industry Insight

Closing the tough deal

Terms and structures now used to get deals done are post-closing purchase price payments, earnouts, simultaneous acquisitions, rollups, payments in kind and joint ventures.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.