The Deal
Saturday, November 21, 
9:19 am

Judge: Bear Stearns execs have to give 90 days notice

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stop_sign.jpgA U.S. federal judge has temporarily blocked Douglas Sharon, an executive director of Bear Stearns Cos. private client services group in Boston, from leaving his position to start in a position at Morgan Stanley because he failed to give 90-days notice, according to Reuters. Sharon, who had worked for Bear for 20 years, supposedly copied legal documents and was recruiting clients and colleagues to follow him. Sharon quit on March 17, 2008, before J.P. Morgan & Chase Co. increased it's bid for Bear Stearns to $10 per share. - Maria Woehr

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