Current & Former Bear Stearns Shareholders Can Get Free Legal Consulation at www.BearStearnsInvestors.com
March 17, 2008 --- Uniondale, NY – Mark & Associates, P.C. is offering free legal consultations to current and former Bear Stearns (NYSE: BSC) shareholders who suffered investment losses of $10,000 or more following the sudden drop in the company’s stock price last Friday.. Shares of Bear Stearns stock fell sharply on Friday after the company announced it was the recipient of a financial bailout from JP Morgan Chase Co. (NYSE: JPM) in a transaction that was brokered by the Federal Reserve. Bear Stearns subsequently stunned shareholders by announcing it had agreed to be acquired by JP Morgan Chase Co. (NYSE: JPM) for just $2.00 per share. Current and former Bear Stearns shareholders, who lost in excess of $10,000, are encouraged to request a free legal consultation at http://www.BearStearnsInvestors.com .
Questions about liquidity problems at Bear Stearns first surfaced months ago, but gained significant momentum over the last two weeks. With such questions affecting the price of the company’s stock, and perhaps the confidence of the company’s customers, Chief Executive Officer Alan Schwartz appeared on national television last Wednesday to reassure the markets that the firm was stable. The announcement that Bear Stearns was being bailed out by JP Morgan Chase came just two days later. News of the bailout last Friday sent Bear Stearns shares as low as $26.85, before closing at $30.00.
While news of the bailout spread, Bear Stearns investors became increasingly incensed as the company’s shares lost more than 50 percent for the week. That loss was topped only by the revelation on Sunday that JP Morgan Chase was acquiring Bear Stearns for a mere $2.00 per share. If the acquisition were to close at $2.00 per share, it would represent a decline of more than 98 percent from the shares 52 week high of $159.36.
Mark & Associates, P.C. has already been contacted by individual investors, institutional investors and employees to learn about their legal rights. Jason Mark, the founding partner of Mark & Associates, P.C., stated, “Investors of all sizes and sophistication levels have suffered tremendous financial losses because Bear Stearns failed to properly disclose its precarious financial situation. To go from telling investors that market concerns about the company were overblown, to needing a bailout just two days later, is unconscionable.”
Investors can get more information by visiting http://www.BearStearnsInvestors.com or http://www.youhaverights.com/corporate-fraud/bear-stearns-stock-fraud. Investors can request a free legal consultation by completing the submission form on these websites or by calling 1-866-507-4448.
About Mark & Associates, P.C.
Mark & Associates, P.C. is a leading consumer law firm with offices in Boston, Massachusetts and Long Island, New York. The firm aggressively represents victims of securities and investment fraud, insurance bad faith, defective products, dangerous pharmaceuticals and medical devices and serious accidents. More information on Mark & Associates, P.C. is available at http://www.youhaverights.com.
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