Legal Opinion
In re Stearns
New York Supreme Court
Decided December 4, 2008PublishedCited by 3 opinions
1Opinion of the Court
OPINION OF THE COURT
Herman Cahn, J.
These consolidated shareholder class actions arise from the precipitous collapse of the Bear Stearns Companies, Inc. (Bear Stearns and the company) and the consequent, federally-assisted merger with JPMorgan Chase & Co. in a stock-for-stock deal with an implied value of $10 per share. Challenging the consideration as inadequate, plaintiffs seek damages from Bear Stearns’ directors for claimed violation of their fiduciary duties, and from JPMorgan for its allegedly tortious conduct in effecting the merger.1
Defendants Bear Stearns and JPMorgan now move for…
2Cases cited53 opinions
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Aronson v. LewisSupreme Court of Delaware · 1984
- Brehm v. EisnerSupreme Court of Delaware · 2000
- Malpiede v. TownsonSupreme Court of Delaware · 2001
- Kaufman v. CohenAppellate Division of the Supreme Court of the State of New York · 2003
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3Cited by3 opinions
- In Re Bear Stearns Companies, Inc. Securities, Derivative, & Erisa LitigationDistrict Court, S.D. New York · 2011
- Starr International Co. v. Federal Reserve BankDistrict Court, S.D. New York · 2012
- In Re Mal Dunn Associates, Inc.United States Bankruptcy Court, S.D. New York · 2009