Merger lawsuit News
Judge dismisses JPMorgan-Bear Stearns merger lawsuit
New York: A New York judge on Thursday dismissed a $2.5 billion lawsuit that challenged JPMorgan Chase & Co's purchase of Bear Stearns Cos, concluding that company officials acted appropriately in avoiding a "potentially cataclysmic" bankruptcy.
Justice Herman Cahn of New York State Supreme Court in Manhattan rejected claims by former Bear shareholders that the company's directors acted in bad faith
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