Bear Stearns shareholders drop restraining order

Bear Stearns Cos. shareholders suing over the planned J.P. Morgan Chase & Co. takeover have withdrawn a request for a preliminary injunction to stop the deal and will sue for damages instead.

Continue reading below

Investors that requested a restraining order to block J.P. Morgan's takeover include Wayne County Employees Retirement System of Michigan, the Police and Fire Retirement System of Detroit and the Louisiana Municipal Police Employees' Retirement System. The premise for the lawsuit was that management violated its fiduciary duties to shareholders in agreeing to the deal.

The Greek Orthodox Archdiocese Foundation of New York also filed an injunction, and that complaint will go forward on Thursday, according to a Reuters article. - Maria Woehr

Also see Dealscape: Bear Stearns lawsuits start rolling in
See Dealscape: Bear Stearns shareholders file suit
See Dealscape: Bear Stearns lawsuits: Who are these guys anyway?

Post a comment

Name:

Email Address:

URL:

Remember personal info?

Comments: (you may use HTML tags for style)

Please only click "Post" once. It may take a few moments to process.

Deal Video

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

Elsewhere on The Deal.com

Dealwatch

• General Motors
• Ponzi schemes, fraud and other misdeeds
• BofA Merrill Lynch exodus
• Bear Stearns exodus

The Deal Magazine

• The default option
• The deal lawyers
• Path to passage
• Rural rollups

Corporate Dealmaker

• Can auto dealers fight back?
• Astellas Pharma throws lifeline to Maxygen
• As new GM takes shape, another call for gas tax
• I-banks, law firms hire in response to oil M&A

The Deal Video

• Focus on restructuring
• Apture helps media, one link at a time
• LLR Partners' Bullitt on PE deals
• Dina Kaplan: Real estate prices stymie NY startups

Categories

• Bankruptcy
• Corporate restructuring
• Deal international
• Dealmakers
• Featured
• IPOs
• M&A
• Middle market
• Law & regulation
• Private capital
• Conferences
• Technology

Blog roll

• BloggingBuyouts
• BloggingStocks
• Dealbook
• DealBreaker
• Deal Journal
• FT Alphaville
• footnoted.org
• Going Private
• peHUB
• Reuters Dealzone
• SEC Investor
• Prince Of Wall Street
• Bankruptcy Bill
• Information Arbitrage

Archives

• June 2009
• May 2009
• April 2009
• March 2009
• February 2009
• January 2009
• December 2008
• November 2008
• October 2008
• September 2008
• August 2008
• July 2008
• June 2008
• May 2008
• April 2008
• March 2008
• February 2008
• January 2008
• December 2007
• November 2007
• October 2007
• September 2007
• August 2007
• July 2007
• June 2007
• May 2007
• April 2007
• March 2007
• February 2007
• January 2007
• December 2006
• November 2006
• October 2006
• September 2006
• August 2006
• July 2006
• June 2006
• May 2006
• April 2006
• March 2006
• February 2006
• January 2006
• December 2005